Industrial Production Fell 0.1% in October

We got a little surprise this morning when the Industrial Production report for October showed a 0.1% decline.

Output fell 0.1 percent after a 0.8 percent increase in September that was smaller than previously estimated, figures from the Federal Reserve in Washington showed today. The median forecast in a Bloomberg survey of 83 economists projected a 0.2 percent gain. Factory production rose 0.2 percent, matching the prior month’s advance that was also revised down.

Posted by on November 17th, 2014 at 9:41 am


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