Oct industrial production surged to +0.9%...>

US DATA: Oct industrial production surged to +0.9% vs +0.5% 

expected. Sept IP revised up slightly to +0.4% from +0.3%.  

-IP saw most categories up, with utilities +2.0%, manufacturing +1.3%, 

materials +1.3%, and business equipment +0.5%, but mining -1.3%. 

-IP ex motor veh +0.9%. Mfg excl. motor veh & parts +1.3%; and motor 

veh & parts +1.0%. 

-Durables mfg +0.4% with categories generally up, apart from small 

declines in nonmetallic mineral products and miscellaneous. 

-Nondurable mfg jumped to +2.3%, boosted by all categories except 

for plastic and rubber and food, beverage, and tobacco products. 

-Capacity utilization rose to 77.0% vs 76.3% expected. September 

capacity util revised up 0.4pp to 76.4%. Mfg cap util increased to 

76.4%.