Daily Roundup of Key US Economic Data for Oct. 16

12:15 PM EDT, 10/16/2026 (MT Newswires) -- September industrial production rose by 0.7% after a 0.1% gain in August, with manufacturing production up 0.3% overall and up 0.5% excluding a 3% decline in motor vehicle and parts production. Utilities output jumped by 3.5% on gains in both electricity and natural gas production, while mining production rose by 0.2%. The New York Federal Reserve's monthly business leaders index, a measure of services conditions, fell to minus 20.7 in October from minus 8.7 in September, indicating a faster pace of contraction. Other services data will be released over the coming weeks. Import prices rose by 1.1% in September and were still up 0.7% excluding a 4.8% jump in fuel prices. Petroleum prices were up 4.6%. Export prices rose by 2.2% in September and were up 2.1% excluding a 2.6% surge in agricultural prices. The Q3 GDPnow estimate from the St. Louis Fed is for a 2.81% gain, down from a 2.90% gain in the previous estimate.