Industrial production inched up just 0.1% in October, trailing economists’ expectations and monthly gains that averaged 0.9% over the previous three months, according to data released yesterday by the Federal Reserve.
September’s industrial production was revised lower to a 0.6% increase from an originally reported 0.7% rise.
Meanwhile, capacity utilization rose to 70.7% in October from an unrevised 70.5% the previous month.
Economists expected industrial production to rise 0.4% for October and for capacity utilization to be 70.8%, according to the median estimate from Thomson Reuters.
