Industrial Production Dives

Summary


WASHINGTON (AP) - Industrial production plunged in October by the largest amount in nine months, reflecting a big drop in utility output and continued troubles in autos and housing-related industries.

The Federal Reserve said output at the nation's factories, mines and utilities fell by 0.5 percent last month, a much worse outcome than had been expected.

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Extract


Industrial Production Dives

The October decline, the biggest since a similar drop in January, was led by a sharp plunge in output of electric...

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