According to the U.S. Federal Reserve's Wednesday report, industrial production was unchanged in October after decreasing 0.2 percent in September.
Manufacturing output increased 0.2 percent in October, with mining increasing 2.1 percent — its largest gain since March 2014. The index for utilities dropped 2.6 percent, as warmer-than-normal temperatures reduced the demand for heating.
At 104.3 percent of its 2012 average, total industrial production in October was 0.9 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in October to 75.3 percent, a rate that is 4.7 percentage points below its long-run (1972–2015) average.
