US Industrial Production expands 0.3% in June vs. 0.1% expected

Industrial Production in the US expanded at a faster rate than expected in June.
The US Dollar Index holds above 98.50 after the data.

Eren Sengezer FXStreet

Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.

Other details of the report showed that manufacturing output rose by 0.1% in this period. Meanwhile, the Capacity Utilization improved to 77.6% from 77.4% in May.

Market reaction

The US Dollar Index stays in positive territory above 98.50 after this report.

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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