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Manufacturing Flat, at best.

Monday, October 17, 2016 7:24
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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.


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