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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: AHale who wrote (2167)	10/16/1998 9:39:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Friday October 16, 9:19 am Eastern Time U.S. Sept industrial output fell 0.3 pct WASHINGTON, Oct 16 (Reuters) - Federal Reserve Board report of U.S. industrial production and capacity utilization, seasonally adjusted. Total Industrial: Sept Aug July June Sept98/97 Production, Pct Change -0.3 1.6 -0.4 -1.1 2.4 Previous Estimates 1.7 -0.4 -1.1 Production Index-X 128.7 129.0 127.0 127.5 - Sept Aug July June Sept97 Pct of Capacity Use 81.1 81.6 80.6 81.2 82.7 Previous Estimates 81.7 80.6 81.2 X--1987 equals 100. - Sept Aug July June Sept98/97 Major Market Products -0.4 1.7 -0.6 -0.8 2.5 -Consumer Goods -0.4 1.9 -0.8 -1.2 1.5 -Business Equipment -0.6 3.5 -1.0 0.2 6.2 -Construc.Supplies -0.7 0.7 0.9 -0.2 6.0 Major Materials unch 1.4 unch -1.5 2.4 Manufacturing Industry -0.4 1.8 -0.4 -1.3 2.6 -Durable Goods -0.7 4.0 -0.9 -1.7 4.7 --Primary Metals -2.5 1.5 unch -2.5 -3.7 --Autos/Light Trucks -3.3 63.5 -20.9 -16.7 3.4 -Non-Durable Goods -0.2 -0.6 0.2 -0.8 0.1 --Petroleum Products -2.4 -0.4 1.5 0.3 1.5 Mining Industry -0.5 -0.8 0.2 -2.1 -1.3 Utilities Industry 1.6 0.6 -0.8 2.7 4.4 Percent of Capacity: Manufacturing, Mining, Utilities: (Seasonally Adj.) Sept Aug July June Sept'97 Manufacturing 79.6 80.3 79.1 79.7 81.6 -Durable Goods 78.7 79.7 77.1 78.2 81.0 --Primary Metals 84.2 86.7 85.7 86.0 91.5 --Autos/Light Trucks 82.2 85.2 52.2 66.2 81.6 -Non-Durable Goods 80.8 81.1 81.7 81.6 82.3 --Petroleum Products 94.3 96.8 97.5 96.3 95.4 Mining 88.2 88.7 89.5 89.4 90.1 Utilities 93.8 92.4 92.0 92.8 90.8 Wall Street economists had expected September industrial production to rise 0.1 percent and estimated that September capacity use would be at 81.5 percent. The Fed said declines in output were widespread in durable manufacturing, with larger drops in streel and in motor vehicles and parts production. Excluding motor vehicles and parts, September industrial output fell 0.1 percent after a revised 0.1 percent fall in August. Previously, the Fed said August output excluding cars and parts rose 0.1 percent. Motor vehicle assemblies rose in September to a rate of 6.5 million a year for autos from 6.3 million in August. For light trucks the assembly rate was down to an annual rate of 5.9 million in September from 6.6 million. Manufacturing output fell in September by 0.4 percent after rising 1.8 percent in August and falling 0.4 percent in July. Excluding cars and parts, September manufacturing fell 0.3 percent following a 0.1 percent decrease in August. U.S. industrial production was flat in the third quarter of 1998 after a revised 1.7 percent rise in the second quarter. It was the weakest quarterly performance since an 8.3 percent drop in the first quarter of 1991, amid the last recession.