USA: -0.3% industrial production in September

(CercleFinance.com) - After a sequential rebound of 0.
3% the previous month (revised down sharply from an initial estimate of +0.8%), US industrial production fell symmetrically in September.

The Fed, which publishes these figures, explains that the strike at 'a major civil aircraft manufacturer' (i.e. Boeing) reduced industrial production by around 0.3% in September, and that the effects of two hurricanes also subtracted around 0.3%.

Also according to the Federal Reserve, the capacity utilization rate in US industry deteriorated by 0.3 points to 77.5% in September, a level 2.2 points below its long-term average (1972-2023).

Copyright (c) 2024 CercleFinance.com. All rights reserved.