US industrial output falls in August

Industrial production in the United States declined by 0.3% in August, after six consecutive months of growth, contrary to market expectations that had anticipated a 0.3% increase. The decrease was mainly driven by a 0.5% drop in durable goods production, while the production of nondurable goods remained steady, resulting in mixed performance across the sector. Despite this monthly decline, industrial output rose by 0.9% year-over-year, and the capacity utilization rate stood at 75.7%, which is below the long-term average, reflecting continued excess capacity in production facilities. The activity remains supported by ongoing efforts to expand artificial intelligence infrastructure.

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