03:27 PM EDT, 10/17/2024 (MT Newswires) -- US industrial production decreased more than projected in September, weighed down by a strike at plane maker Boeing ( BA ) and two hurricanes, Federal Reserve data showed Thursday.

Industrial output fell 0.3% last month following a 0.3% gain in August. The consensus was for a 0.2% drop in a survey compiled by Bloomberg. Annually, industrial production declined 0.6% in September.

Manufacturing output fell 0.4% in September, following a 0.5% rise in the previous month. The index for durable manufacturing decreased 1%, with aerospace and miscellaneous transportation equipment tumbling 8.3%, according to the Fed.

Last week, Boeing ( BA ) withdrew its latest pay offer to striking workers following a breakdown in negotiations with the International Association of Machinists and Aerospace Workers. That strike and hurricanes Francine and Helene weighed on September industrial production, Desjardins said in a report published Thursday.

"While the effects of these events should be short-lived, the strike at Boeing ( BA ) is ongoing, and Hurricane Milton, which made landfall in October, will likely show up in the early (fourth-quarter) numbers," Desjardins Principal Economist Francis Genereux wrote.

Within durables, declines of at least 1% each were seen for furniture, motor vehicles and parts, and electrical equipment and appliances, Fed data showed.

Nondurable manufacturing grew 0.2% last month, with petroleum and coal products rising 1.8% and printing and support up 1%.

Utilities output grew 0.7% in September, compared with a 1.3% drop in the previous month. Mining production declined 0.6% after posting a 0.7% increase in August.

Capacity utilization fell to 77.5% in September from 77.8% the previous month, according to the report.

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