Forexpros – Industrial production in the U.S. rose more-than-expected in June, rebounding from the previous month’s decline, official data showed on Tuesday.
In a report, the U.S. Federal Reserve said that industrial production rose 0.4% in June, just above expectations for a 0.3% increase.
Industrial production for May was revised down to a 0.2% drop from a previously reported 0.1% decline.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 78.9% in June from 78.7% in May, below expectations for 79.2%.
Following the release of the data, the U.S. dollar was mildly lower against the euro, with EUR/USD easing up 0.07% to trade at 1.2280.
Meanwhile, U.S. stock index futures held on to gains. The Dow Jones Industrial Average futures pointed to a rise of 0.4%, S&P 500 futures indicated an increase of 0.4%, while the Nasdaq 100 futures signaled a 0.55% gain at the open.
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