April 2014

U.S. industrial production was weak in October

U.S. industrial production was weak in October not ratednot ratednot ratednot ratednot rated

Be the first to comment

U.S. industrial production was flat in October, which was a weaker showing than economists expected, according to www.msnbc.com.

Economists expected a gain of 0.3 percent following a 0.2 percent decline in September. Although manufacturing increased 0.5 percent, utilities output fell 3.4 percent because unseasonably warm temperatures reduced heating demand.

The capacity utilization rate, which is a measure of slack in the economy, was flat at 74.8 percent.

The October figures indicate the economy is recovering at a pace too slow to significantly affect the U.S. unemployment rate.


Comments (0) Login to post a comment or rating
There are no comments posted.