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Factory Production in U.S. Rose More Than Forecast in October

From bloomberg.com

Factory production in the U.S. rose more than forecast in October, indicating the partial government shutdown did little to halt the pickup in manufacturing at the start of the fourth quarter. The 0.3 percent advance at factories followed a 0.1 percent gain the prior month and exceeded the 0.2 percent median projection in a Bloomberg survey, figures from the Federal Reserve showed today in Washington. Total industrial production fell 0.1 percent as output at mines and utilities declined. The report indicates businesses were increasing orders and output even in the face of the 16-day federal government closing in ... (full story)

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  • Category: Medium Impact Breaking News