Industrial Production Fell 0.2 Percent in October

Industrial production decreased 0.2 percent in October, consistent with September’s decrease. Total industrial production is 7.2 points above its 2012 level and 0.3 percent above the year ago level.

Manufacturing output rose 0.4 percent on the month driven by a 0.5 percent increase in output of durable goods and a 0.3 increase in production of nondurable goods.

Mining output fell 1.5 percent, after falling 2.4 percent in September. Mining output is now 6.9 percent below year ago levels.

Utilities output declined by 2.5 percent, as a decrease for electric utilities was partly offset by an increase for natural gas utilities.

Capacity utilization was 77.5 percent, down 0.2 points from September and 2.6 points below its long-run average.

Read the Federal Reserve release.