Fed Revises Data on Industrial Capacity
U.S. industry operated at a slightly faster pace in October than previously reported, while output fell 0.8%, according to revised data issued by the Federal Reserve.
The Fed said industrial capacity in use was 75.4% in October, a small upward revision from the 75.2% that had been reported initially. The 0.8% drop in production was unrevised.
September output at factories, mines and utilities was flat in the new figures, instead of the previously reported decline of 0.2%.
Capacity utilization that month was revised upward to 76.1% from 75.8%.
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