U.S. Industrial Output Drops More Than Expected in October on Vehicle Strike Impact
-
U.S. industrial production fell 0.6% in October, more than expected. Capacity utilization was 78.9% vs 79.4% expected.
-
Manufacturing production declined 0.7% mostly due to a 10% drop in motor vehicle output affected by strikes.
-
Utility output fell 1.6% while mining output rose 0.4% in October.
-
Export and import prices also fell more than expected in October.
-
Atlanta Fed's business inflation expectations rose slightly in November.