US industrial output slips in October

16 November 2022

 

Summary: US industrial output down 0.1% in October, below expectations; up 3.3% over past 12 months; capacity utilisation rate down 0.2ppts to 79.9%, slightly below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading indicators of GDP use industrial production...

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