According to the monthly Industrial Production and Capacity Utilization report published by the Federal Reserve, industrial production in the United States contracted by 0.4% on a monthly basis in September following August’s expansion of 0.8% and came in worse than the market expectation of -0.1%. “For the third quarter, industrial production rose at an annual rate of 1.2% following declines of about 2% in both the first and the second quarters,” the Fed noted in its publication. “Manufacturing production decreased 0.5% in September, with output reduced by a strike at a major manufacturer of motor vehicles.” Finally, the capacity utilization edged lower to 77.5% in the same period from 77.9% in August. The Greenback continues to have a tough time recovering its daily losses against its major rivals after this data. As of writing, the US Dollar Index was down 0.32% on the day at 97.70. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index rebounds from lows, still below 98.00 FX Street 4 years According to the monthly Industrial Production and Capacity Utilization report published by the Federal Reserve, industrial production in the United States contracted by 0.4% on a monthly basis in September following August's expansion of 0.8% and came in worse than the market expectation of -0.1%. "For the third quarter, industrial production rose at an annual rate of 1.2% following declines of about 2% in both the first and the second quarters," the Fed noted in its publication. "Manufacturing production decreased 0.5% in September, with output reduced by a strike at a major manufacturer of motor vehicles." Finally, the capacity… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
