Industrial production declined 0.2% in October, the Federal Reserve reported Tuesday.
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The production decrease followed an unrevised 0.2% dip in September.
Capacity utilization slipped to 77.5% in October from a revised 77.7% the previous month, first reported as 77.5%.
Economists polled by Thomson Reuters projected a 0.1% increase for industrial production and a 77.5% capacity utilization rate.
Manufacturing output was up 0.4% in October following a 0.1% decline in September.
Utilities' output dropped 2.5% after increasing 1.2% in September, while mining was down 1.5% after a 2.4% drop the month before.
