- Industrial Production in the US expanded at a faster rate than expected in June.
- The US Dollar Index holds above 98.50 after the data.
Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.
Other details of the report showed that manufacturing output rose by 0.1% in this period. Meanwhile, the Capacity Utilization improved to 77.6% from 77.4% in May.
Market reaction
The US Dollar Index stays in positive territory above 98.50 after this report.
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