US industrial production mixed following strong gainsUS industrial production figures for October showed a mixed picture Tuesday as manufacturing output eased after several strong months, Federal Reserve data showed Tuesday.
Output at the nation's factories, mines and utilities rose 0.1 percent after an average gain of 0.9 percent in the prior three months, the report showed.
Manufacturing output fell 0.1 percent in the past month, after a jump of 0.8 percent in September.
Factory production had also surged 1.4 percent in August and 1.2 percent in July, fueled by rising motor vehicle and parts production and a general pickup Pickup
A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup."
When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their in economic activity.
In October, auto production fell 2.0 percent, reflecting some of the volatility from the government's "cash for clunkers" program that spurred buying until the incentives ended in August.
The central bank report showed October mining activity fell 0.2 percent, while utility output jumped 1.6 percent, helping the overall industrial production index extend gains for a fourth consecutive month.
Capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. , a sign of slack 1. (operating system) slack - Internal fragmentation. Space allocated to a disk file but not actually used to store useful information.
2. (jargon) slack in the industrial economy, moved up 0.2 percentage points to 70.7 percent. This is 10.2 percentage points below its average for 1972 through 2008.
Even with the latest rise, industrial production is down 7.1 percent from a year ago, reflecting the deep recession that has caused industries to slash output.
The industrial sector nonetheless is leading the recovery from recession as consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. and other areas of the economy lag, analysts say.