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. For more information, read our latest forex news.