Industrial Production in the US grew at a stronger pace than expected in March.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Industrial Production in the US grew at a stronger pace than expected in March.
- US Dollar Index stays in positive territory above 101.00.
Industrial Production in the US expanded by 0.4% in March following February’s increase of 0.2% (revised from 0%), the US Federal Reserve reported on Friday. This reading came in slightly better than the market expectation for a growth of 0.2%.
“In March, manufacturing and mining output each fell 0.5 percent,” the Fed further noted in its publication. “Capacity utilization moved up to 79.8 percent in March, a rate that is 0.1 percentage point above its long-run (1972–2022) average.”
The US Dollar stays resilient against its rivals after this report and the US Dollar Index was last seen rising 0.2% on the day at 101.22.
[/s2If]
Join Our Telegram Group
