(Finance) – Industrial production in the United States continued to decline in October. According to data published by the Federal Reserve, a negative change of 0.3% was recorded on a monthly basis, after the -0.5% of the previous month, but in line with analysts’ expectations. On an annual basis, there was a negative change of 0.29% after the previous -0.73%.
Manufacturing production recorded a decline of 0.5%, in line with the consensus, which compares with -0.3% in September (data revised from a preliminary -0.3%).
In the same period, capacity utilization across all industrial sectors fell to 77.1%, in line with analysts’ estimates, compared to 77.4% in the previous month.