US: Industrial production expanded by 0.4% in May following April's 0.4% contraction
|Industrial production in the U.S. rebounded in May following April's dismal reading of -0.4% and expanded by 0.4% in May according to the monthly data published by the Federal Reserve. Further details of the report revealed that the capacity utilization in the same period improved to 78.1% from 77.9% to beat the market expectation of 78%.
Supported by the upbeat retail sales figures and the industrial production numbers, the US Dollar Index extended its daily upside and was last seen at 97.35, adding 0.32% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.