The USA Federal Reserve (Fed) shared industrial production and capacity utilization data for September. US industrial production data was also in the focus of global markets.
According to the announced data, industrial production in the country decreased by 1.3 percent in September compared to the previous month.
MARKET EXPECTED INDUSTRIAL PRODUCTION TO INCREASE
Contrary to market expectations, the data, which decreased, was expected to increase by 0.2 percent. Industrial production fell 0.1 percent in August.
Despite the fall in September, industrial production increased by 4.3 percent year-on-year in the third quarter of this year.
Manufacturing industry production also decreased by 0.7 percent monthly in September. Manufacturing industry production, which fell unexpectedly, was expected to increase by 0.1 percent. Manufacturing industry production decreased by 0.4 percent in August.
PRODUCTION OF MOTOR VEHICLES AND PARTS DROPPED 7.2 PERCENT
In this period, the 7.2 percent decrease in the production of motor vehicles and parts was effective in the decrease in the manufacturing industry production. It was reported that the problems experienced in the supply of chips continued to disrupt the production activities.
CAPACITY USE RATE DECREASED
Capacity utilization rate (CUR) also decreased by 1 point to 75.2 percent in September. In this period, the market expectation for the capacity utilization rate was 76.5 percent. Capacity utilization rate was 76.2 percent in August.
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