U.S. Industrial Production Flat In October
(For October 2010)
U.S. industrial production remained unchanged in October. The consensus was at 0.3%, September reading at -0.2%. On year level industrial production is up 5.4%.
Chart 1. U.S. Industrial Production
Capacity utilization also remained unchanged at 74.8%. September reading was revised to 74.8% (revised from 74.7%); Consensus was at 74.9%.
Chart 2. Capacity Utilization
Again bellow the level suggested by ISM manufacturing.
October 17th, 2011 at 11:17 pm
[…] 14% from Oct 2007 through June 2009, since then it's only recovered about 9% from it's trough. U.S. Industrial Production Flat In October | Tainted Alpha GDP Which declined 5.1% during the recession has grown only 4.8% from those depressed levels as […]