The Federal Reserve released its industrial production report on Monday. The U.S. industrial production declined 0.1% in October, missing expectations for a 0.2% rise, after a 0.8% gain in September. September's figure was revised down from a 1.0% increase.

The Fed said that the decrease was driven by a fall in output of consumer goods and materials.

Motor vehicle output declined 1.2% in October. That was the third consecutive decline.

Capacity utilisation rate fell to 78.9% in October from 79.2% in September. September's figure was revised down from 79.3%. Analysts had expected a capacity utilisation rate of 79.3%.