Manufacturing up Slightly.
Industrial Production (October 2014)
– Production month/month -0.1%. Previous was +0.8%
– Capacity Utilization Rate 78.9%. Previous was 79.2%
– Manufacturing month/month +0.2%. Previous was +0.2%.
With IP net down and Manufacturing up this is net neutral. IP includes utility production which is weather dependent.
Empire State Manufacturing Survey (November 2014)
– General Business Conditions Index 10.16. Previous was 6.17.
News of Japan’s recession has not yet affected U.S. markets to any considerable extent.