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The growth of industrial production in the US exceeded expectations


Október, 18 2022
watermark Economic news

According to the US Federal Reserve, industrial production in September increased by 0.4% compared to the previous month. Analysts on average expected an increase of 0.1%.


According to the revised data, in August the volume of industrial production decreased by 0.1%, while earlier it was reported a decrease of 0.2%.


In annual terms, production in September increased by 5.3% after an increase of 3.9% in August.


Capacity utilization in the reporting month rose to 80.3% compared with a revised 80.1% in August. Analysts expected the indicator to remain at the previously indicated August level of 80%.


In particular, production in the processing industry increased by 0.4% compared to August (the forecast assumed an increase of 0.2%). In annual terms, output in the processing industry increased by 4.7% after rising by 3.5% in August.


Production in the extractive industry increased by 0.6% in monthly terms, the output of vehicles – by 1%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.