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October Industrial Production Above Expected +1.1%

US DATA

Industrial production in October rose 1.1% vs 1.0% expected while September's gain was revised two-tenths higher to -0.4%.


  • October capacity utilization +0.8pp to 72.8%, above expectations of 72.3%. September capacity utilization was revised up to 72.0% from 71.5%.
  • Industrial production has recovered much of its 16.5% decline from February to April, but output in October was still 5.6% lower than its pre-pandemic February level.
  • Manufacturing output rose 1.0% in October
  • Mining -0.6%
  • Utilities +3.9%
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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