WASHINGTON MarketWatch (15/11)
-- Industrial production fell 0.1% in October, the first drop since
July, as mining and utilities output fell, the Federal Reserve said
Friday. Economists polled by MarketWatch had expected no change.The
1.6% drop in mining output came after six months of gains, and output
there is up 4.8% from the same period of 2012. Manufacturing output
edged up 0.3%, the third straight rise, and was up 3.3% from a year ago.
Utilities output fell 1.1% but is up 0.2% from a year ago. Capacity
utilization slipped to 78.1% from 78.3% in September and below the 78.2%
seen in a MarketWatch-compiled economist poll.
