Stocks Turn Lower After Weak Industrial Production And Capacity Utilization Numbers

Industrial production fell, month-over-month in September, 0.2%.

The consensus was for a 0.2% month-over-month increase.

Capacity utilization is at 74.7. The consensus was for 74.8, so that’s a smaller miss.

Both of these numbers had been trending up — the latter of which might have even been adding some inflation pressures — but now are indicating ongoing economic “slack..”

Pre-Open futures are as follows:

  • Dow down 0.19%
  • S&P 500 down 0.27%
  • NASDAQ up 0.06%

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.