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US industrial production declined 0.8% in October


November, 15 2019
watermark Economic news

US industrial production fell 0.8% in October from the previous month. Analysts forecasted a decline of 0.4%. This drop was caused by the fall of output for the manufacturing, mining and utilities sectors. It was the largest decline since May of 2018.


Moreover, industrial capacity utilization in the USA in October decreased to 76.7% from the September level of 77.5%. This also has been below the analysts expectations of 77.7%.


Industrial production indicator is one of the key for the US economy, as it reflects the physical volume of products manufactured by American companies (including mining and utilities) by market and category.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.