Industrial Production Decreased in September

From the Fed: Industrial Production and Capacity Utilization Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters. Manufacturing production decreased 0.5 percent in September, with output reduced by a strike at a major manufacturer of motor vehicles . Excluding motor vehicles and parts, the overall index and the manufacturing index each moved down 0.2 percent. Mining production fell 1.3......(read more)

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