US Industrial Production rises 0.3% in September vs. 0% expected

• Industrial Production in the US continued to expand in September.
• US Dollar Index stays in positive territory after the data.

Industrial Production in the United States (US) grew 0.3% on a monthly basis in September, the Federal Reserve reported on Tuesday. This reading following the 0.4% expansion recorded in August and came in better than the market expectation for a no change.

Other details of the report revealed that the Capacity Utilization held steady at 79.7%.

Market reaction

The US Dollar Index clings to modest daily gains slightly below 106.50 after this report.