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U.S. Industrial Production Flat in October, But Manufacturing GainsNovember 16 U.S. industrial production remained unchanged in October, after falling 0.2% in the previous month, the Federal Reserve Board reported today. However, the month's performance was skewed down by a sharp drop in utilities output as the result of unseasonably warm temperatures that cut heating demand. In fact, manufacturing advanced 0.5% versus September, which earlier was upwardly revised to a 0.1% gain. The latest report provides further evidence that the manufacturing sector is healthy and a recovery is well-established. Read the full Federal Reserve news release. |




