Manufactured production stronger than expected on solid business equipment output
Manufactured production rose 0.3% in October, slightly stronger than consensus forecasts (also, September’s originally-reported 0.2% gain was upwardly revised to 0.3%). Total industrial production increased 0.1%, slightly lower than expected. Manufacturing continues to advance despite uncertainties over trade policy as manufactured output rose 3½% at an annual rate in October versus the third quarter and production of business equipment is up 11½% on the same comparison.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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