Investing.com – Industrial production in the U.S. fell unexpectedly in September, official data showed on Monday.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in September, after rising by 0.2% in August.
Analysts had expected industrial production to rise by 0.2% in September.
The capacity utilization rate remained unchanged at a seasonally adjusted 74.7% in September. Analysts had expected the capacity utilization rate to increase to 74.8%.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.32% to hit 1.3931.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.15%, S&P 500 futures pointed to a loss of 0.23%, while the Nasdaq 100 futures indicated a decline of 0.10%.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in September, after rising by 0.2% in August.
Analysts had expected industrial production to rise by 0.2% in September.
The capacity utilization rate remained unchanged at a seasonally adjusted 74.7% in September. Analysts had expected the capacity utilization rate to increase to 74.8%.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.32% to hit 1.3931.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.15%, S&P 500 futures pointed to a loss of 0.23%, while the Nasdaq 100 futures indicated a decline of 0.10%.