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US industrial production falls for second month

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The US industrial production contracted for a second month in September as lower overseas demand as well domestic demand weighed over producers.

    Total industrial production dropped 0.2%, from the downwardly revised 0.4% in August. Manufacturing production dropped 0.1%. The official report showed Mining production, which includes oil drilling, slumped 2%, the most in four months. Oil and gas well drilling decreased 4%.

    A sharp rise in the USD index has led to a sequential drop in the US exports, leading to the weakness in the US industrial production figures.
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