EURUSD Bid: --
USDJPY Bid: --
GBPUSD Bid: --
USDCHF Bid: --
AUDUSD Bid: --
USDCAD Bid: --
NZDUSD Bid: --
EURGBP Bid: --
GBPJPY Bid: --
WTI Bid: --
BRENT Bid: --
XAUUSD Bid: --
XAGUSD Bid: --
SPX500 Bid: --
DAX40 Bid: --
US30 Bid: --
JPN225 Bid: --
NAS100 Bid: --
UK100 Bid: --
BTCUSD Bid: --
ETHUSD Bid: --
LTCUSD Bid: --
XRPUSD Bid: --
EURUSD Bid: --
USDJPY Bid: --
GBPUSD Bid: --
USDCHF Bid: --
AUDUSD Bid: --
USDCAD Bid: --
NZDUSD Bid: --
EURGBP Bid: --
GBPJPY Bid: --
WTI Bid: --
BRENT Bid: --
XAUUSD Bid: --
XAGUSD Bid: --
SPX500 Bid: --
DAX40 Bid: --
US30 Bid: --
JPN225 Bid: --
NAS100 Bid: --
UK100 Bid: --
BTCUSD Bid: --
ETHUSD Bid: --
LTCUSD Bid: --
XRPUSD Bid: --

US September industrial production +0.7% vs +0.4% expected

Posted: 16th Oct 2026

  • Prior was 0.0% (revised to +0.1%)
  • Capacity utilization 76.9% vs 76.5% exp
  • Manufacturing output +0.3% vs +0.3% exp
  • Prior manufacturing output -0.3% (revised to -0.2%)
  • Mining +0.2%
  • Utilities +3.5%
  • Machinery +1.4%, primary metals +1.6%, electrical equipment +1.3%, chemicals +1.0%.

The headline is flattered by utilities. Electric utility output jumped 3.7% m/m and is up 9.6% y/y, and the utility operating rate rose 2.3 points to 73.8%. That could be weather, but the year-over-year trend is consistent with data center load. Utilities output rose at a 14.8% annualized pace in Q3.

Manufacturing is a two-speed story:

  • Semiconductor output rose 2.1% m/m and is up 19.9% y/y. It grew at a 28.4% annualized rate in Q3, which drove most of the 3.8% gain in durables.
  • Excluding high-tech, factory output rose just 0.2% m/m and is up only 0.7% y/y.
  • Motor vehicles and parts fell 3.0%, with vehicles down 5.4%. Assemblies fell to a 10.21m annual rate from 10.61m in August and 11.0m in May. Excluding autos, manufacturing rose 0.5%.

AI is truly eating the world and it's masking the undercurrents in the rest of the economy. Unfortunately, monetary policy is a blunt instrument and hiking rates to cool off inflation is going to hit the rest of the economy hard, including the struggling motor vehicle and overall manufacturing economy ex-tech. The better way to handle this would be on the fiscal side with some austerity but that's not coming.

This article was written by Adam Button at investinglive.com.

Source: Investing Live - News

Follow us on
Website Managed by BuiltByGo
Disclaimer: The information provided on FX Axe is for educational and informational purposes only and should not be construed as financial advice. Trading Foreign Exchange (FX), Contracts for Difference (CFDs), and other leveraged financial products involves a high level of risk and may not be suitable for all investors. Leverage can work both to your advantage and disadvantage, and as a result, you may lose more than your initial investment. Before deciding to trade FX, CFDs, or any other financial instrument, you should carefully consider your investment objectives, level of experience, and risk tolerance. You should not invest money that you cannot afford to lose. It is strongly advised that you seek independent financial advice if you have any doubts. FX Axe does not provide investment, tax, legal, or financial advice of any kind. We may receive compensation from brokers and partners featured on this website, but such relationships do not influence our reviews or recommendations. All reviews are based on our own opinions and research and should not be interpreted as endorsements or guarantees of any service. Past performance is not indicative of future results. The trading of FX and CFDs carries a significant risk of loss. By using this website, you acknowledge that FX Axe bears no responsibility for any losses you may incur from your trading activities or reliance on information provided here.

Affiliate Disclosure: Some of the links and references on FX Axe may relate to third-party brokers or service providers. In certain cases, we may receive compensation if you choose to engage with these providers through our website. This helps support the ongoing operation of the site and allows us to continue publishing content at no direct cost to our readers. Our content is created with the aim of being informative and useful. While commercial relationships may exist, we strive to ensure that the information presented remains objective and based on our own research and perspective.
cross