Industrial production in the US decreased to -0.10 % in October, after downwardly revised 0.1% MoM decline in September and missing market consensus of a 0.2% MoM advance.
Manufacturing output went up 0.1%, below expectations for a 0.2% increase. The index for durable manufacturing rose 0.5%, the index for nondurable manufacturing fell 0.3%, and the index for other manufacturing was unchanged. Within durables, increases of at least 1.5% were recorded by electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; and motor vehicles and parts. Within nondurables, gains for printing and support, plastics and rubber products, and apparel and leather products were outweighed by losses elsewhere, especially for petroleum and coal products, textile and product mills, and paper. The index for mining stepped down 0.4%, and the index for utilities fell 1.5%. Capacity utilization decreased 0.2 pp to 79.9%, a rate that is 0.3 pp above its long-run average.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appOn the annual basis industrial production decreased to 3.3% year-on-year in October, from 5.3% in September.\
US30 barely reacted to today's industrial production data release and remains below 33700 pts. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
