Industrial Production and Capacity Utilization this time.
According to the Federal Reserve, industrial production rose 0.4% in September. However, August's uptick of 0.1% was revised downward to -0.1%. Capacity utilization, which increased to 74.7%, saw it's August number revised downward as well.
Ho hum. I know it's all a game of estimates, but funny that in a time when everyone is looking for good news right now, they get the numbers they want, only to have them revised back down a month later, presumably when no one is looking. It's all a shell game.
Addendum: Business inventories were also revised downward by 0.1%, but in this case the current release were not very positive either, at -0.4%.
Posted by MB Williams at October 16, 2003 09:29 AM | TrackBack