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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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.
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.