October Industrial Production Comes In At A Weak 0%

factory, 1940s, library of congress

Photo: Library of Congress

Update: Actually the report was pretty good. Manufacturing jumped 0.5%, its best report in months, and September was revised higher. Most of the weakness was in utilities, which was blamed on warm weather, and that’s believable.

Original post: Here’s another mediocre report…

October industrial production grew at 0% in October, behind the 0.2% that analysts had anticipated. It is ahead of the 0.2% that we got in September.

October capacity utilization was also flat.

Stocks are still heading lower, though less than 1%.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us