US: Industrial Production stays unchanged in February vs. +0.2% expected
|- Industrial Production in the US remained unchanged on a monthly basis in February.
- US Dollar Index stays in negative territory slightly above 104.00.
Industrial Production in the US unchanged in February following January's 0.3% (revised from 0%) expansion, the US Federal Reserve reported on Friday. This reading came in weaker than the market expectation for an increase of 0.2%.
The Fed noted that manufacturing output edged up 0.1% in the same period and said Capacity Utilization remained steady at 78.0%.
Market reaction
The US Dollar Index stays on the back foot after this report and was last seen losing 0.23% on the day at 104.20.
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