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US industrial production declined 0.8% in October


November, 15 2019
watermark Economic news

US industrial production fell 0.8% in October from the previous month. Analysts forecasted a decline of 0.4%. This drop was caused by the fall of output for the manufacturing, mining and utilities sectors. It was the largest decline since May of 2018.


Moreover, industrial capacity utilization in the USA in October decreased to 76.7% from the September level of 77.5%. This also has been below the analysts expectations of 77.7%.


Industrial production indicator is one of the key for the US economy, as it reflects the physical volume of products manufactured by American companies (including mining and utilities) by market and category.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.