WASHINGTON — Industrial production fell 0.1% in October, the Federal Reserve reported Monday.
The production decrease followed a revised 0.8% increase in September, originally reported as a 1.0% gain.
Capacity utilization fell in October to 78.9% from a revised 79.2% the previous month, first reported as 79.3%.
Economists polled by Thompson Reuters projected a 0.2% increase in industrial production and a 79.3% capacity utilization rate.
Manufacturing output was up 0.2% in October following a 0.2% increase the previous month.
Utilities' output declined 0.7% in October after increasing 4.2% in September.
