Investing.com – Industrial production in the U.S. rose in line with expectations in September, official data showed on Monday.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% in September, broadly in line with market expectations.
Industrial production in August was revised down to a flat reading from a previously reported 0.2% gain.
The report showed that the capacity utilization rate rose to 77.4%, below expectations for a 77.5% gain.
The previous month’s figure was revised down to 77.3% from 77.4%.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD dropping 0.79% to trade at 1.3771.
Meanwhile, U.S. stock index futures extended losses following the data. The Dow Jones Industrial Average futures indicated a decline of 0.4%, S&P 500 futures slumped 0.42%, while the Nasdaq 100 futures fell 0.65%.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% in September, broadly in line with market expectations.
Industrial production in August was revised down to a flat reading from a previously reported 0.2% gain.
The report showed that the capacity utilization rate rose to 77.4%, below expectations for a 77.5% gain.
The previous month’s figure was revised down to 77.3% from 77.4%.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD dropping 0.79% to trade at 1.3771.
Meanwhile, U.S. stock index futures extended losses following the data. The Dow Jones Industrial Average futures indicated a decline of 0.4%, S&P 500 futures slumped 0.42%, while the Nasdaq 100 futures fell 0.65%.