Empire State Manufacturing Survey (October 2016)
– General Business Conditions Index -6.8. Previous was -1.99.
This is the first of the regional Fed releases of the health of manufacturing.
Industrial Production (September 2016)
– Production month/month +0.1%. Previous was -0.5%
– Manufacturing month/month +0.2%. Previous was -0.5%
– Capacity Utilization Rate 75.4%. Previous was 75.3%
The gains were, in part, created by the downward revisions to August. Industrial Production remains flat. Year-over-year Industrial Production is down for 13 consecutive months. This is
the longest non-recession streak in history.