US Oct industrial production -0.2% vs +0.1% expected

Author: Adam Button | Category: News

October US industrial production data

  • Prior -0.2%
  • Prior capacity utilization 77.5% vs 77.5% exp
  • Prior cap utilization revised to 77.7% vs 77.5%
  • Manufacturing production +0.4% vs +0.2% exp
  • Prior manufacturing production -0.1%

The US dollar hardly reacted to the data. Again, that's a good sign that the bid in USD is solid.

Looking at the details, the fall in utilities is a negative but on the y/y side. The report highlights how much automotive manufacturing has picked up but overall manufacturing and machinery is soft (although maybe not as soft as expected given the strong US dollar).

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose