Overall industrial production, which includes output at factories, mines and utilities, dropped 0.4% in September and declined 0.1% from a year earlier, the first year-over-year decrease since 2016. Mining production pulled back, helping further drag down demand for manufactured parts. Created with Highcharts 6.0.4Industrial OutputIndustrial production has cooled this year, dragged down by manufacturing.Source: Federal Reserve via St. Louis FedNote: Seasonally adjusted For some manufacturers, the tight labor market is curtailing growth. Brett Novosat, president at machine shop L.L. Brown Inc., said revenue is down about 5% to 10% this year as the Enola, Pa., company has struggled to replace workers who have left. Demand for metal parts is still strong, he said, but his 26-person company can’t find new workers to meet that demand. “If I could find three, four, five machinists I would hire them right now,” he said. “We are at a limit this year for […]