Investing.com - " dustrial production in the U.S. rose more than expected in September, official data showed on Monday.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.6% last month after a 0.4% rise in August. Economist had expected the rate of industrial production to remain unchanged at 0.4%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, ticked up to 78.3% in September from an upwardly revised 77.9% in August. Economists had expected the capacity utilization rate to tick up to 78.0%.
The report was released 11 days behind schedule due to disruption caused by the recent 16-day U.S. government shutdown.
Following the release of the data, the U.S. dollar remained steady near 23-month lows against the euro, with EUR/USD dipping 0.11% to 1.3788.
Meanwhile, the outlook for U.S. equity markets remained mixed. The Dow Jones Industrial Average futures indicated a rise of 0.39% at the open, S&P 500 futures pointed to a dip of 0.02% and Nasdaq 100 futures indicated an uptick of 0.10%.
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