October Industrial Production Drops 0.1%

This morning, the Federal Reserve reported that Industrial Production fell 0.1% in October. That’s the first drop since July. IP is one of the data series that hasn’t topped its peak from 2007.

Wall Street had been expecting growth of 0.2%. The reading for September was revised to +0.7%. The IP number for October was 99.9778. The peak was 100.8200 from December 2007.

Posted by Eddy Elfenbein on November 15th, 2013 at 9:35 am

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