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17 Oct 2023
US Industrial Production rises 0.3% in September vs. 0% expected
- Industrial Production in the US continued to expand in September.
- US Dollar Index stays in positive territory after the data.
Industrial Production in the United States (US) grew 0.3% on a monthly basis in September, the Federal Reserve reported on Tuesday. This reading following the 0.4% expansion recorded in August and came in better than the market expectation for a no change.
Other details of the report revealed that the Capacity Utilization held steady at 79.7%.
Market reaction
The US Dollar Index clings to modest daily gains slightly below 106.50 after this report.