Industrial production in the US pulled back slightly in October, but the big picture is still reasonably positive

Jay Soloff

Argonath Financial

Industrial production in the US pulled back slightly in October, but the big picture is still reasonably positive. After a 0.8% gain in September, industrial production fell by 0.1% last month. That's less than the 0.3% gain expected by economists, however not a huge surprise after the out-sized gains in September. Perhaps more importantly, the manufacturing component of the index climbed 0.2%, which is the most meaningful of the 3 industry components. The other two, mining and utilities, fell 0.9% and 0.7% respectively. Of the major market groups, business equipment showed the biggest advance in October, climbing 0.6%, while consumer goods and materials showed the largest declines at 0.2%. The index is 4% above last year's level, which suggests we're still clearly better off than in 2013. (VIEW LINK)


Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.