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%.