Strike, hurricanes hit US industrial output in September

Summary: US industrial output down 0.3% in September, fall greater than expected; down 0.6% over past 12 months; Citi: fall expected as aerospace strike, hurricanes hit; US Treasury yields up; rate-cut expectations soften; capacity utilisation rate falls to 77.5%, below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to...

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