Investing.com – Industrial production in the U.S. fell more-than-expected in August, official data showed on Wednesday.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in August, after falling by 0.6% in July, whose figure was revised down from 1.0%.
Analysts had expected industrial production to decline to 0.3% in August.
The capacity utilization rate fell unexpectedly, falling to a seasonally adjusted 74.7% in August, after falling to 74.6% in July, whose figure was revised down from 74.8%.
Analysts had expected the capacity utilization rate to increase to 75.0% in August.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.03% to hit 1.2993.
Meanwhile, U.S. futures indices were lower. The Dow Jones Industrial Average futures indicated a slide 0.31%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a drop of 0.31%.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in August, after falling by 0.6% in July, whose figure was revised down from 1.0%.
Analysts had expected industrial production to decline to 0.3% in August.
The capacity utilization rate fell unexpectedly, falling to a seasonally adjusted 74.7% in August, after falling to 74.6% in July, whose figure was revised down from 74.8%.
Analysts had expected the capacity utilization rate to increase to 75.0% in August.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.03% to hit 1.2993.
Meanwhile, U.S. futures indices were lower. The Dow Jones Industrial Average futures indicated a slide 0.31%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a drop of 0.31%.