US: Industrial production declined by 0.1% in March vs +0.1% expected

Eren Sengezer FXStreet

"Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate," the Fed said in its latest Industrial Production and Capacity Utilization report.

Key takeaways from the press release

Manufacturing production was unchanged in March after declining in both January and February.
Capacity utilization for the industrial sector decreased 0.2 percentage point in March to 78.8 percent, a rate that is 1.0 percentage point below its long-run (1972–2018) average.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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