Industrial production grew 0.9% in October, the Federal Reserve reported Thursday.

The increase followed a revised 0.4% rise in September, first reported as a 0.3% gain.

Capacity utilization grew to 77.0% in October from September’s revised 76.4%, first reported as 76.0%.

Economists polled by IFR Markets projected a 0.5% increase for industrial production and a 76.3% capacity utilization rate.

Manufacturing output rose 1.3% in October, following a 0.4% gain in September.

Utilities’ output was up 2.0% after decreasing 1.0% in September, while mining was 1.3% lower after a 1.5% jump the month before.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.