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.