Industrial production unchanged in October
Industrial production was unchanged in October after decreasing 0.2 percent in September.
Although the level of industrial production in September was the same as the previous estimate, revisions to the index for utilities raised the rate of change in total industrial production in August and lowered it in September.
Manufacturing output increased 0.2 percent in October but was 0.2 percent below its level of a year earlier. In October, the production of durables rose 0.4 percent, the production of nondurables remained unchanged, and the production of other manufacturing (publishing and logging) fell 0.6 percent. Most durable goods industries posted increases; the only declines were registered by aerospace and miscellaneous transportation equipment and by miscellaneous manufacturing. No major nondurable goods industry recorded a sharp swing in output: Chemicals posted the largest gain, 0.4 percent, while paper registered the largest decrease, 0.8 percent.