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US: Industrial Production − Down in the First Quarter
Thu, Apr 17 2008, 11:37 GMT
by John Silvia
Industrial production in March rose 0.3 percent after a sharp drop of 0.7 percent in February. For the first quarter, industrial production fell with weakness in motor vehicles, machinery and utilities. The data are consistent with our recession call. Capacity utilization was up in March but below the fourth quarter average.
Published on Thu, Apr 17 2008, 11:43 GMT
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Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.