Market Updates
Industrial Output Declined In October
Brian Turner
16 Nov, 2022
New York City
Industrial output declined 0.1% in October from the downwardly revised 0.1% increase in September, the Federal Reserve reported Wednesday.
Capacity utilization rate increased by 0.2 percentage points to 79.9%. a rate that is 0.3 percentage point above its 50-year long-run average.
In October, the index for mining eased 0.4%, and the index for utilities decreased 1.5%.
Total industrial production in October was 3.3% higher than a year ago.
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