Industrial Production Decreased in October

From the Fed: Industrial Production and Capacity Utilization Industrial production fell 0.8 percent in October after declining 0.3 percent in September . Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles . The decreases for total industrial production, manufacturing, and motor vehicles and parts were their largest since May 2018, April 2019, and January 2019, respectively. Excluding motor vehicles and parts, the index......(read more)

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