Forexpros – Industrial production in the U.S. rose more-than-expected in July, while the previous month’s gain was revised lower, official data showed on Wednesday.
In a report, the U.S. Federal Reserve said that industrial production rose 0.6% in July, just above expectations for a 0.5% increase.
Industrial production for June was revised down to a 0.1% increase from a previously reported gain of 0.4%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 79.3% in July from 78.9% in June, beating expectations for 79.2%.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.32% to trade at 1.2282.
Meanwhile, U.S. stock index futures held on to mild losses. The Dow Jones Industrial Average futures pointed to a decline of 0.15%, S&P 500 futures indicated a decrease of 0.15%, while the Nasdaq 100 futures signaled a 0.1% decline at the open.
Forexpros
