Industrial Production Down 0.2% In October But Details Look Better
Industrial production fell 0.2% in October but the details looked better, according to data released by the Federal Reserve on Tuesday. Economists polled by MarketWatch had expected a 0.1% fall. After falling for the past two months, manufacturing output advanced 0.4% in October. Overall production was held down by a drop in mining and utility output. Capacity utilization fell to 77.5% in October from an upwardly revised 77.7%, in line with expectations.
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