This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ahead Of The Bell: US Industrial Production

WASHINGTON (AP) a¿¿ The Federal Reserve reports Monday on the output at U.S. factories, mines and utilities in September. Report to be released at 9:15 a.m. EDT.

OUTPUT UP: Economists forecast that overall industrial production rose 0.3 percent in September, according to a survey by FactSet. That would be slightly below August's 0.4 percent gain.

Factory output a¿¿ the most important component of industrial production a¿¿ jumped 0.7 percent in August. It was the biggest gain in eight months, and it was driven higher by a 5.2 percent increase in auto production. Auto sales have surged this year to pre-recession levels. .

Mining output rose in August, while utility production fell for the fifth straight month.

MIXED MESSAGES: The solid factory output increase in August suggested that manufacturing was rebounding after starting the year weak. Europe has emerged from a long recession and Japan's growth has accelerated, boosting overseas demand for U.S. products.

On Thursday, the government said exports of some manufactured goods rose in August. Exports of autos and auto parts increased to a record $13.1 billion.

But other reports paint a mixed picture. Orders for long-lasting U.S. factory goods rose in September but only because of a jump in volatile demand for commercial aircraft. Orders for industrial machinery and other core capital goods, a better gauge of business confidence in the economy, fell. Economists pay closer attention to those orders because they typically signal expansion.

The partial government shutdown this month is weighing on overall economic growth and may have caused some companies to postpone placing orders for big purchases in September.

Still, one measure of manufacturing said overall factory activity expanded in September at the fastest pace in 2 years. The closely watched Institute for Supply Management manufacturing survey noted that production rose and manufacturers stepped up hiring, while new orders jumped, though not as quickly as the previous month.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs