Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wprss domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wprss domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/vestivxx/public_html/wp-includes/functions.php on line 6114
Economic Report: U.S. industrial output surges in October after stumbling in prior month – Vested Daily

Economic Report: U.S. industrial output surges in October after stumbling in prior month

November 16, 2021

The numbers: Industrial production rose 1.6% in October, the Federal Reserve reported Tuesday, recovering all of the 1.3% decline experienced in the prior month.

The increase was above Wall Street expectations of a 0.8% gain, according to a survey by The Wall Street Journal.

Capacity utilization rebounded to 76.4% in October from 75.2 in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities. Economists had forecast a 75.8% rate.

Big picture: About half the gain in October reflected a recovery from the effects of Hurricane Ida. There was also a strong gain in autos. Overall, the manufacturing sector is struggling to meet high demand because of supply chain woes.

Market snapshot: Stocks
DJIA,
+0.40%
were set to open slightly higher on Tuesday.