Industrial production fell 0.8% in October after declining 0.3% in September, according to the latest data from the Federal Reserve. 

In October, the strike in the motor vehicle industry contributed to a drop of 1.2% for durables. Excluding motor vehicles and parts, the output of durables moved down 0.2%. The indexes for electrical equipment, appliances, and components and for miscellaneous manufacturing each moved down more than 1%.

Capacity utilization for manufacturing decreased 0.5% in October to 74.7%, a rate that is 3.6% below its long-run average. The operating rate for durables dropped 1.0%age point, while the rate for nondurables edged down 0.1%age point. The utilization rate for mining fell to 88.8% yet was still 1.7% higher than its long-run average. 

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