Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 16, 2012 15:49:05

U.S. - Industrial production unexpectedly fell in October for Sandy


Industrial production in the U.S. in October fell by 0.4% compared to September downwardly revised increase of 0.2%. The market is only counted toward slower growth +0.2% in the overall estimates range from -0.3 to +0.6%. The main reason for this decrease is unexpectedly strong negative impact of Hurricane Sandy.

The manufacturing sector, which represents about 75% of total industrial production of the United States fell by 0.9%, the largest drop since May 2009. Excluding the impact of Hurricane Sandy only the manufacturing sector stagnated.

Production in public services fell by 0.1% compared to September stagnation. Mining activity in October increased by 1.5%, the highest in the last 12 months.

Production of business equipment fell in October by 1.2%, the biggest drop since May 2009. In September, the index grew by 0.4%. Production of consumer goods fell by 0.9%.

Capacity utilization fell to 77.8% from September's 78.2%.
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