US August industrial production +0.4% vs +0.1% expected- Prior was +1.0% (revised to +0.7%)
- Manufacturing output +0.1% vs +0.1% prior
- Prior output +0.5% (revised to +0.4%)
- Capacity utilization 79.7% vs 79.3% prior (revised to 79.5%)
The downward revision covers the beat so I wouldn't get too excited about this release.
This article was written by Adam Button at www.forexlive.com.
Source: US August industrial production +0.4% vs +0.1% expected (https://www.forexlive.com/news/us-august-industrial-production-04-vs-01-expected-20230915/)
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