U.S. Industrial Production Unexpectedly Comes In Flat In October; September revised down

Industrial production in the U.S. was unchanged in the month of October, according to a report released by the Federal Reserve on Wednesday, with a steep drop in utilities output offsetting a jump in mining.

The Fed said industrial production came in flat in October after dropping by a revised 0.2 percent in September. Economists had expected production to match the 0.1 percent uptick originally reported for the previous month.

Utilities output fell sharply for the second consecutive month, plunging by 2.6 percent in October after tumbling by 3.0 percent in September.

Source: U.S. Industrial Production Unexpectedly Comes In Flat In October

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