Industrial production, missed expectations on raise by 0.2% and edged down 0.1% in October after having advanced 0.8% in September. In October, manufacturing output increased 0.2% for the second consecutive month. The index for mining declined 0.9% and the output of utilities moved down 0.7%. At 104.9% of its 2007 average, total industrial production in October was 4.0 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in October to 78.9% , a rate that is 1.2 percentage points below its long-run (1972–2013) average. Despite the figures, USD continued to raise with euro currently being traded around 1.2460 level, Sterling being stable above 1.5630 area, while Aussie is around 0.8710 area.
Last modified on Tuesday, 18 November 2014
