US industrial production (mom) fell 0.6% in October, below the 0.3% decline expected by markets. In September, US industrial production (month-on-month) had advanced a revised 0.1%, compared to the previously estimated 0.3% rise.
In the same period, capacity utilization fell from 79.5% to 78.9%.
What is industrial production (mom) of the United States?
Industrial Production published by the Board of Governors of the Federal Reserve shows the volume of production of American industries such as factories and manufacturing. An upward trend is considered inflationary, which may anticipate a rise in interest rates. If industrial production growth is high, this can generate positive (or bullish) sentiment for the Dollar.
When will US industrial production be reported?
The next US industrial production data (month-on-month) will be published on December 15 at 14:15 GMT. For more information, see the US Industrial Production (MoM) entry on the FXStreet calendar.
Price of the US dollar today
Below is the percentage change of the US Dollar (USD) against the currencies listed today. The US Dollar was the weakest currency against the Japanese Yen.
The map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.