Industrial Production Rises in October
.S. industrial production rose 0.9% in October as factories rebounded from a decline, the Federal Reserve said Thursday.
The gain followed a revised 1.5% decline in September, the Fed said.
The increase fell just short of economists’ forecasts of a 1% gain, Bloomberg reported.
The proportion of industrial capacity in use rose to 79.5% from 78.9% in September, the Fed said.
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