The growth of industrial production in the US did not reach forecasts in October

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In October, US industrial production rose 0.1% after a 0.2% increase in the previous quarter, the Federal Reserve reported. The October growth did not justify analysts' forecasts, who had expected a 0.2% rise. The processing industry showed an increase of 0.3%, retaining the September figure and exceeding the 0.2% increase predicted by experts. In the past quarter, industrial equipment was released by 5.3% more, computers and electronics - by 4.9% more than in September. At the same time, there was a decrease in the production of automobiles and parts for them by 2.8%. In the production of consumer goods, an increase of 0.2% was recorded. Production in the defense and aerospace sectors showed an increase of 0.9%. In the utility sector, a decrease of 0.5% was observed. In the field of gas and oil production, growth was 1.6%.

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