U.S. Aug Industrial Output Rose More Strongly than Forecast

U.S. Aug Industrial Output Rose More Strongly than Forecast

Investing.com  | Sep 17, 2019 14:41

U.S. Aug Industrial Output Rose More Strongly than Forecast

Investing.com -- U.S. industrial production and manufacturing output both rose by more than expected in August, bucking the trend of a global slowdown this year against the backdrop of the U.S.-China trade war. The data may feed into the Federal Reserve's thinking as its officials gather for their regular policy meeting that ends on Wednesday.

  • Industrial production rose 0.6% on the month, from an upwardly-revised drop of 0.1% in July. In year-on-year terms, growth slowed to 0.4% from 0.5%
  • Manufacturing output rose 0.5% after a drop of 0.4% in July. That's above forecasts for a 0.2% rise.
  • The capacity utilization rate rose to 77.9% from 77.5%.
  • United States 10-year yield ticks up to 1.84% vs 1.82% immediately before the news
  • EUR/USD at $1.1023 vs $1.1033 beforehand
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