Investing.com – Industrial production in the U.S. was unexpectedly flat in October, official data showed on Tuesday.
In a report, the U.S. Federal Reserve said that industrial production was flat at 0.0% in October, after falling by 0.2% in September.
Analysts had expected industrial production to rise by 0.3% in October.
The report also showed that the capacity utilization rate was unchanged in October, holding steady at a seasonally adjusted 74.8% in October, unchanged from 74.8% in September, whose figure was revised up from 74.7%.
Analysts had expected the capacity utilization rate to increase to 74.9% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD shedding 0.02% to hit 1.3591.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.67%, S&P 500 futures pointed to a loss of 0.71%, while the Nasdaq 100 futures indicated a decline of 0.80%.
In a report, the U.S. Federal Reserve said that industrial production was flat at 0.0% in October, after falling by 0.2% in September.
Analysts had expected industrial production to rise by 0.3% in October.
The report also showed that the capacity utilization rate was unchanged in October, holding steady at a seasonally adjusted 74.8% in October, unchanged from 74.8% in September, whose figure was revised up from 74.7%.
Analysts had expected the capacity utilization rate to increase to 74.9% in October.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD shedding 0.02% to hit 1.3591.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.67%, S&P 500 futures pointed to a loss of 0.71%, while the Nasdaq 100 futures indicated a decline of 0.80%.