Strong US macro data 🗽 Industrial production and prices rise

U.S. industrial production rose by 0.7% m/m in September, above the 0.4% forecast; the previous reading was revised from 0.0% to 0.1%.

• Manufacturing output increased by 0.3% m/m, in line with expectations; the previous reading was revised from -0.3% to -0.2%.
• Capacity utilization rose to 76.9%, above the 76.5% forecast; the previous reading was revised from 76.3% to 76.4%.
• U.S. export prices increased by 2.2% m/m, well above the 0.9% forecast; the previous reading was revised from 0.6% to 0.5%.
• Import prices rose by 1.1% m/m, slightly above the 1.0% forecast and compared with 0.7% previously.

The U.S. Dollar Index futures contract (USDIDX) is falling for a second consecutive session, although it recovered slightly following the U.S. data.

Source: xStation5