Industrial production in the US increased above expectations.

◻️Industrial production in the US increased by 0.8% in August, above market expectations. Expectations were for a 0.2% increase. Industrial production remained unchanged compared to the same month last year.

◼️Industrial production data for July was revised from -0.6% to -0.9%. The capacity utilization rate in August was 78%, above expectations (77.9%). The rate for July was revised from 77.8% to 77.4%.

◻️While manufacturing sector production increased by 0.9%, industrial production excluding automobiles and parts increased by 9.8%. This item had decreased by 8.9% in July.

✒️Ekotürk