Industrial production in the nation was up 1.3% in October while capacity utilization rose to 76.4, according to data released by the Federal Reserve Board yesterday.

The drop in production level followed a 3.7% decrease the previous month, originally reported as a 2.8% drop, while September capacity use was revised down to 75.5 from 76.4.

Thomson Reuters had forecast a 0.2% increase for production, and a 76.4% level for capacity utilization.

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