Industrial production in the US decreased to -0.10 % in October, after downwardly revised 0.1% MoM decline in September and missing market consensus of a 0.2% MoM advance.
Manufacturing output went up 0.1%, below expectations for a 0.2% increase. The index for durable manufacturing rose 0.5%, the index for nondurable manufacturing fell 0.3%, and the index for other manufacturing was unchanged. Within durables, increases of at least 1.5% were recorded by electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; and motor vehicles and parts. Within nondurables, gains for printing and support, plastics and rubber products, and apparel and leather products were outweighed by losses elsewhere, especially for petroleum and coal products, textile and product mills, and paper. The index for mining stepped down 0.4%, and the index for utilities fell 1.5%. Capacity utilization decreased 0.2 pp to 79.9%, a rate that is 0.3 pp above its long-run average.
On the annual basis industrial production decreased to 3.3% year-on-year in October, from 5.3% in September.\
US30 barely reacted to today's industrial production data release and remains below 33700 pts. Source: xStation5
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