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