US industrial production to increase by 0.1% in October - TDS

Research Team at TDS, expects the US industrial production to increase by 0.1% m/m in October as a healthy 0.3% m/m gain in manufacturing production is offset by lower utility output.

Key Quotes

“The market is slightly more upbeat on industrial production at 0.2% m/m but projects a smaller 0.2% increase in manufacturing activity. Producer prices are expected by the market to increase  by 0.3% m/m while year-ago PPI inflation should increase from 0.7% to 1.2% due to a diminishing base-year effect from energy prices.”

“Lastly, the NAHB Homebuilder Index is forecast by both TD and the wider market to remain unchanged in November at 63.0.”