Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production slightly decreased by 0.1 percent in October following a 0.7 percent increase in September. In October, manufacturing output rose 0.3 percent for a third consecutive monthly gain and is 3.3 percent above October 2012 levels. The three-month annualized growth rate increased 2.4 percent relative to the third quarter average. Durable and nondurable goods rose by 0.3 percent. Within durable goods, primary metals, fabricated metal products, furniture and related products, and miscellaneous manufacturing attributed to the increase in goods output. Motor vehicle and parts production dropped 1.3 percent. Within nondurable manufacturing production, printing and support rose by 1.8 percent, while petroleum and coal production and apparel and leather fell 0.3 percent. Mining output decreased 1.6 percent in October due to temporary shutdowns of oil and gas rigs located in the Gulf of Mexico in anticipation of tropical storm Karen. This is the first decline since February 2013 and the greatest decline in approximately three years. Utilities production declined 1.1 percent in October. Overall capacity utilization fell by 0.2 percentage points to 78.1 percent due to the slight decline in overall industrial production.