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US Industrial Production rose less than expected

Monday, Oct 17 2016
US Industrial Production rose less than expected

Industrial production edged up 0.1 percent in September after falling 0.5 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015. Manufacturing output increased 0.2 percent in September and moved up at an annual rate of 0.9 percent in the third quarter.

In September, the index for utilities declined 1.0 percent; mining posted a gain of 0.4 percent, which partially reversed its August decline. At 104.2 percent of its 2012 average, total industrial production in September was 1.0 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972–2015) average.

 

Euro is currently being traded around 1.10 handle, Sterling is near 1.22 area, while Aussie is at 0.7620 level.

More in this category: « Empire State Manufacturing Index fell to -6.8 Aussie higher after RBA Meeting Minutes »

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