Investing.com - Industrial production in the U.S. fell unexpectedly in October, dampening optimism over the economic outlook, official data showed on Monday.
In a report, the Federal Reserve said that industrial production decreased by a seasonally adjusted 0.1% last month, disappointing expectations for a gain of 0.3%.
Industrial production for September was revised down to a gain of 0.8% from a previously reported increase of 1.0%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, dipped to 78.9% in October from 79.2% in September, compared to expectations for a reading of 79.3%.
EUR/USD was trading at 1.2479 from around 1.2485 ahead of the release of the data, while GBP/USD was at 1.5641 from 1.5644 earlier.
Meanwhile, U.S. stock futures pointed to a modestly lower open. The Dow futures pointed to a loss of 0.15% at the open, the S&P 500 futures declined 0.2%, while the Nasdaq 100 futures shed 0.15%.
Elsewhere, in the commodities market, gold futures traded at $1,186.30 a troy ounce, compared to $1,184.60 ahead of the data, while crude oil traded at $75.02 a barrel from $75.01 earlier.
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U.S. industrial production falls 0.1% in October
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