US industrial production unchanged in October

Ani Salama FXStreet

US industrial production was unchanged on a seasonally adjusted basis in October from the prior month, the Federal Reserve said Wednesday.

Expectations were for a 0.2% increase. Industrial production fell 0.2% in September, revised down from an initially estimated 0.1% rise while output had dropped 0.1% in August, revised up from an estimate of a 0.5% decline.

Capacity utilization, a gauge of slack in the industrial economy, ticked down edged down 0.1 percentage point to 75.3% last month, below expectations of 75.5%.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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