- Analytics
- News and Tools
- Market News
- US: Industrial Production contracts by 1.3% in September vs. +0.2% expected
US: Industrial Production contracts by 1.3% in September vs. +0.2% expected
- Industrial Production in US fell sharply in September.
- US Dollar Index continues to fluctuate near 94.00.
Industrial Production in the United States declined by 1.3% on a monthly basis in September, the data published by the US Federal Reserve revealed on Monday. This reading followed August's expansion of 0.4% and came in worse than the market expectation for an increase of 0.2%.
"The production of motor vehicles and parts fell 7.2%, as shortages of semiconductors continued to hobble operations, while factory output elsewhere declined 0.3%," the publication further read. "Capacity utilization for the industrial sector fell 1.0 percentage point in September to 75.2%, a rate that is 4.4 percentage points below its long-run (1972–2020) average."
Market reaction
This report doesn't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.06% on the day at 94.02.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
