empty
 
 

2019.11.1513:24:00UTC+00U.S. Industrial Production Slumps Much More Than Expected In October

Industrial production in the U.S. fell by much more than expected in the month of October, according to a report released by the Federal Reserve on Friday, with manufacturing production showing a notable decrease due to the since-resolved strike at General Motors (GM).

The Fed said industrial production tumbled by 0.8 percent in October after falling by a revised 0.3 percent in September. Economists had expected production to decrease by 0.4 percent, matching the drop originally reported for the previous month.

The report also said capacity utilization for the industrial sector slumped to 76.7 percent in October from 77.5 percent in September. Capacity utilization had been expected to dip to 77.1 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback