More Manufacturing Measures from the Fed

The Federal Reserve just announced that, in August, the nation’s Industrial Production rose by a disappointing 0.4% versus an expectation of 1% growth. July’s rise of 3% was revised to 3.5%.

Capacity Utilization, a measure of the economy’s manufacturing, mining, and utility output versus its potential, rose to 71.4%, as forecast, while July’s 70.6% was revised to 71.1%. Little in the way of market reaction can be seen.