• US industrial production ticks up 0.1 percent in October

    29 days ago - By Chron

    WASHINGTON - U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production.
    Industrial production ticked up a modest 0.1 percent, the fifth straight monthly gain, following a 0.2 percent advance in September and a sizable 0.8 percent advance in August, the Federal Reserve reported Friday.
    The Fed said that recent hurricanes lowered production by about 0.1 percentage point in both September and October.
    The economy has been growing at a solid rate this year. The gross domestic product expanded at an annual rate of 3.5 percent in...
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  • Industrial Production Increased 0.1% in October

    Industrial Production Increased 0.1% in October

    29 days ago - By Calculated Risk

    From the Fed: Industrial Production and Capacity Utilization
    Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. In October, manufacturing output rose 0.3 percent...
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  • US industrial production expanded at modest 0.1 percent in October

    29 days ago - By Chron

    WASHINGTON - US industrial production expanded at modest 0.1 percent in October .
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