US: Industrial production rose 0.6% in August vs. 0.2% expected

  • Industrial production in the US rose more than expected in August.
  • Capacity utilization in the same period improved to 77.9%.
  • US Dollar Index stays in daily range after upbeat data.

In its monthly report, the Federal Reserve on Tuesday said that industrial production in August rose 0.6% following July's 0.2% contraction compared to analysts' estimate for an increase of 0.2%. 

The US Dollar Index, which tracks the dollar's value against a basket of six major currencies, paid little to no mind to the data and was last down 0.04% on the day at 98.60.

"Manufacturing production increased 0.5%, more than reversing its decrease in July," the Fed noted in its publication. "Capacity utilization for the industrial sector increased 0.4% in August to 77.9%, a rate that is 1.9% points below its long-run (1972–2018) average."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD at three-week highs on contagious optimism

EUR/USD is extending its gains above 1.1050 as the US and China are getting closer to a partial trade deal. Brexit optimism is also helping. US Consumer Sentiment beat expectations with 96 points.


GBP/USD's rally stalls in the open as weekend headlines highlight Brexit deadlock

GBP/USD is a touch softer in the open on Monday, starting off the week in the consolidation of Friday's upside extension to the highest levels since mid-summer. US and China trade talks have gained some traction in a phase 1 deal.


USD/JPY: holding on to gains amid risk-on

The USD/JPY pair jumped to 108.62, its highest since late July, as news that the US and China are progressing toward a trade deal prompted speculative interest away from safe-haven assets. The pair is technically bullish.


Gold slumps below $1,480 as risk appetite continues to dominate the market

The bearish pressure surrounding the XAU/USD pair on Friday intensified in the last hour as markets continue to price a possible trade deal between the United States (US) and China.

Gold News

China officially invited Lighthizer, Mnuchin and their teams for additional trade talks in China

According to Cristina Alesci, business and politics correspondent for CNN, China has officially invited the United States (US) Trade Representative Lighthizer and Treasury Secretary Mnuchin and their teams for additional trade talks in China ahead of next month's APEC summit in Santiago.

Read more