Industrial production drops 0.2 percent

Industrial production drops 0.2 percent

U.S. industrial production dropped in September for the first time since June, 2009, according to a report issued today.

Output at factories, mines and utilities fell 0.2 percent, the Federal Reserve said.

Factory production dropped 0.2 percent, reflecting declines in durable goods.
Capacity utilization slipped to 74.7% from a 74.8% rate in August.