Here comes industrial production ...

The Federal Reserve will release its monthly data on industrial production and capacity utilization at 9:15 a.m. ET.

Economists forecast that industrial production fell 0.2% month-on-month in August, a decline from 0.7% in July, while factories used 75.7% of their capacity, also lower, according to Bloomberg.

"A decline in the August ISM manufacturing production index below the key 50 level for the first time since December 2015 and a 0.6% drop in factory production worker hours point to a sizeable decline in manufacturing output last month," said Wells Fargo's Sam Bullard in a preview.

The manufacturing sector has struggled to completely recover from a slowdown induced by weaker foreign demand and the strength of the US dollar.

More to come ...