US Industrial Production rises 0.3% in September vs. 0% expected

Market news

17 October 2023

US Industrial Production rises 0.3% in September vs. 0% expected

Industrial Production in the US continued to expand in September.
US Dollar Index stays in positive territory after the data.

Industrial Production in the United States (US) grew 0.3% on a monthly basis in September, the Federal Reserve reported on Tuesday. This reading following the 0.4% expansion recorded in August and came in better than the market expectation for a no change.

Other details of the report revealed that the Capacity Utilization held steady at 79.7%.

Market reaction

The US Dollar Index clings to modest daily gains slightly below 106.50 after this report.

AUD/USD: Limited upside potential in the coming months – Rabobank

United States Capacity Utilization registered at 79.7% above expectations (79.6%) in September

Market Focus

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