U.S. Industrial Production Flat in October, But Manufacturing Gains
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November 16 U.S. industrial production remained unchanged in October, after falling 0.2% in the previous month, the Federal Reserve Board
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.