Industrial Production in U.S. Probably Expanded at Slower Pace

Industrial production in the U.S. probably cooled in October as superstorm Sandy knocked out power for utility customers in the Northeast, economists said before a report today.

Output at manufacturers, mines and utilities rose 0.2 percent after a 0.4 percent increase in September, according to the median projection of 84 economists surveyed by Bloomberg before the Federal Reserve’s report. Production at factories may have also climbed 0.2 percent.