News Headline Summary

US Industrial Production (Oct) M/M -0.4% vs. Exp. 0.2% (Prev. 0.4%, Rev. 0.2%)

- US Capacity Utilisation (Oct) M/M 77.8% vs. Exp. 78.3% (Prev. 78.3%, Rev. 78.2%); lowest since Nov. 2011
- Manufacturing (SIC) Production (Oct) M/M -0.9% vs. Exp. 0.2% (Prev. 0.2%, Rev. 0.1%); lowest since Nov. 2011
- Fed estimates Hurricane Sandy reduced the rate of change in October Industrial Output by nearly 1%.

Reaction details:

- No reaction to this data despite lower than expected number as Fed says excluding effects from Hurricane Sandy output was unchanged.

Print 14:15, 16 Nov 2012 - US Data - Source: Newswires