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WASHINGTON – U.s. industrial production was flat in October, the Federal Reserve data has shown Tuesday, a weaker than expected showing that reflects a big drag utilities.

Economists polled by Reuters had expected a gain of 0.3 percent in October, after a decline of 0.2 percent in September.

Edged manufacture increase of 0.5%, its biggest gain since July, but utilities output fell by 3.4% due to the unusually warm weather reduced demand for heating.

Utilization capacity, a slowing economy, measure was 74.8% flat.Which increased by 6.6 percent to a low of June 2009 points but remains 5.8 points below its average 1972-2009.

Figures indicate that the economy continues to take along at a slow pace, step fast enough to make much of a dent in the rate of unemployment - or discourage the Fed to complete its planned $ 600 billion bond purchase program.

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Constructors are pessimistic about the housing market but they see a little more foot traffic after the worst for the sale of home in a decade.

The National Association of Home Builders says its monthly index builders sentiment rose in October 16, the first increase in five months .the ' index was 13 for two months, the lowest level since March 2009.

October reading is equal to June.

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Readings below 50 indicate the negative feelings about the marché.La last time the index was greater than 50 was in April 2006.

Slow growth of employment and the credit crunch, high unemployment rates have kept people to buy homes.

Separately, the Federal Reserve reported Monday that industrial production fell in September for the first time since the end of the recession, consumer demand low led plants to remove.

U.s. Federal Reserve said output factories of the country, utilities and abandoned mines by 0.2 percent last month.

Industrial production increased by 4.8% in the quarter from July to September, slower gains 7 per cent in each of the first quarter of this year.

Factory output, the most important element of the industrial production fell 0.2 percent last month.Manufacturing posted monthly earnings for the first year after the end of the recession in June 2009.Mais since it fell twice in the past four months.

Manufacturing has helped to stimulate economic growth, like companies replenished and replaced a équipement.Déclin September could slow this tendance.Sans consumer demand for relay, the industry can maintain its strong growth.

Production of consumer goods and construction dropped last month that high unemployment makes us hesitate to dépenser.Diminution production of automotive products, appliances and energy offset a small gain in production company .the production machinery and electrical equipment was also dropped.

American factories operated 74.7% of their capacity in September, down 0.1% August .c ' was the first drop since June 2009, closing date of the deepest recession since the great depression.

Mine production rose by 0.7 %.Utilitaire output fell by 1.9%.

The Associated Press and Reuters have contributed to this report.

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Weekly Technical Analysis of Dow Jones Industrial Average DJI 4 Sept 2010

Stock Chart

Dow Jones CMP 10,447.93 is Now Standing at an Important Point
Its Just Touching the 200 DMA
It has tried 5 Times in Last 4 months to cross this level of 200 DMA
But it always retraces from that .

Even MACD Chart is Bit Bearish
So just Sell Above 10500 with Stop loss of 10650
Risk Reward ratio is in Favour of Shorting it with Target of Atleast 10000.

If Dow manages to Close Above 10650 get Long as it means Bulls are in Charge now

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