Investing.com - Industrial production in the U.S. did manage to bounce back in September after a dip the previous month, but the increase was lower than hoped, official data showed on Monday.
In a report, the Federal Reserve said that industrial production increased by a seasonally adjusted 0.1% last month, below expectations for a gain of 0.2%.
Industrial production dropped by 0.5% in August, whose figure was revised from a previously reported decline of 0.4%.
However, manufacturing production increased by a seasonally adjusted 0.2% last month, compared to forecasts for a 0.1% rise and following a decline of 0.5% in August that was revised from an initial 0.4% decrease.
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, ticked up to 75.4% in September from 75.3% a month earlier. August’s reading was revised down from an initial 75.5%.
Analysts had expected a reading of 75.6% for September.
Immediately following the report, EUR/USD was trading at 1.1000 from around 1.1006 ahead of the release of the data, GBP/USD was at 1.2169 from 1.2166 earlier, while USD/JPY was at 104.04 from 103.95 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 97.90, compared to 97.86 ahead of the report.
Meanwhile, U.S. stock futures pointed to a flat to lower open. The blue-chip Dow futures slipped 10 points, or 0.06%, the S&P 500 futures inched down 1 point, or 0.06%, while the tech-heavy Nasdaq 100 futures gave up 3 points, or 0.06%.
Elsewhere, in the commodities market, gold futures traded at $1,256.15 a troy ounce, compared to $1,257.50 ahead of the data, while crude oil was unchanged at $50.12.