BREAKING: US industrial production & manufacturing data lower than expected

U.S. industrial production was unchanged month-over-month in August, compared with expectations for a 0.3% increase and a 0.2% rise previously.

Manufacturing production fell by 0.3% m/m, while the market had expected a 0.3% increase; the previous reading showed a 0.2% gain.
Capacity utilization came in at 76.3%, unchanged from the previous reading but slightly below the 76.4% forecast.

USDIDX chart (D1 interval)

The U.S. Dollar Index largely ignored today’s industrial production data and has continued to rise since Wednesday, supported by the Fed’s hawkish message and rate decision.

Source: xStation5

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