Industrial Production Unch, Capacity Use at 75.3% in Oct.

Industrial production was unchanged in October, the Federal Reserve reported Wednesday.

Processing Content

The flat reading followed a revised 0.2% drop in September, first reported as a 0.1% increase.

Capacity utilization dipped to 75.3% in October from an unrevised 75.4% the previous month.

Economists polled by Thomson Reuters projected a 0.2% gain in industrial production and a 75.5% capacity utilization rate.

Manufacturing output was up 0.2% in October, following a 0.2% gain in September.

Utilities' output fell 2.6% after decreasing 3.0% in September, while mining was up 2.1% after a 0.4% decline the month before.


For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER
Load More