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.

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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