Industrial Production Down 0.1%, Capacity Use Falls to 78.1% in October

Industrial production fell 0.1% in October after a revised 0.7% gain the previous month, the Federal Reserve reported Friday.

September's industrial production gain was originally reported as a 0.6% increase.

Capacity utilization edged down to 78.1% from an unrevised 78.3% in September.

Economists polled by Thomson Reuters expected a 0.2% increase in production and 78.3% capacity utilization.

Manufacturing output was up 0.3% in October following an unrevised 0.1% increase the previous month.

Utilities fell 1.1% in October after rising a revised 4.5% in September, originally reported as a 4.4% increase.

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