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U.S. industrial production rose 0.6% in September

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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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