Industrial Production Unchanged in October

Washington, DC, November 16, 2016—Industrial production was unchanged in October after decreasing 0.2% in September, according to the Federal Reserve.

Although the level of industrial production in September was the same as the previous estimate, revisions to the index for utilities raised the rate of change in total industrial production in August and lowered it in September.

In October, manufacturing output increased 0.2 %, and mining posted a gain of 2.1% for its largest increase since March 2014.

The index for utilities dropped 2.6%, as warmer-than-normal temperatures reduced the demand for heating. At 104.3% of its 2012 average, total industrial production in October was 0.9% lower than its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in October to 75.3%, a rate that is 4.7 percentage points below its long-run (1972–2015) average.