US: Industrial Production rises by 5.4% in June vs. 4.3% expected

Industrial Production in US rose more than expected in June.
US Dollar Index stays deep in red near 96.80.

Eren Sengezer FXStreet

Industrial Production in the US increased by 5.4% in June following May's expansion of 1.4%, the data published by the Federal Reserve showed on Wednesday. This reading came in better than the market expectation of 4.3%.

Further details of the report revealed that Manufacturing Output rose by 7.2% in June and Capacity Utilization improved to 68.6% from 65.1%.

Market reaction

The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, ignored these figures and was last seen losing 0.35% on the day t 95.84.

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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