US: Industrial Production rises by 0.4% in November vs. 0.3% expected

Industrial Production rose at slightly more than expected in November.
US Dollar Index posts modest losses around 90.60.

Eren Sengezer FXStreet

Industrial Production in the United States expanded by 0.4% on a monthly basis in November, the US Federal Reserve reported on Tuesday. This print followed October's increase of 0.9% (revised from 1.1%) and came in slightly better than the market expectation of 0.3%.

Additional takeaways

"In November, manufacturing output advanced 0.8% for its seventh consecutive monthly gain."

"Capacity utilization for the industrial sector increased 0.3 percentage point in November to 73.3%."

Market reaction

The greenback struggles to stage a recovery against its rivals after this report. As of writing, the US Dollar Index was down 0.12% on the day at 90.60.

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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