The USA industrial production increased more than expected in October

The USA Federal Reserve (Fed) announced industrial production and capacity utilization data for October. Accordingly, industrial production in the country increased by 1.6 percent in October compared to the previous month.
The data, which showed a recovery in this period and rose above the market expectations, was expected to increase by 0.7 percent. Industrial production decreased by 1.3 percent in September. Manufacturing industrial production also increased by 1.2 percent monthly in October. Manufacturing industry production, which exceeded expectations, was expected to increase by 0.7 percent. Manufacturing industry production decreased by 0.7 percent in September. Capacity utilization rate increased by 1.2 percentage points to 76.4 percent in October. In this period, the market expectation for the capacity utilization rate was 75.8 percent. Capacity utilization rate was 75.2 percent in September.