Data released today showed that Industrial Production rose marginally in February. Analysts at Wells Fargo point out the 0.4% decline in February manufacturing output held back a more pronounced gain in industrial production. They see that the outlook for manufacturing activity remains under pressure. Key Quotes: “Industrial production rose a modest 0.1% in February. This followed a decline in January, which was entirely due to weakness in manufacturing. This core weakness remained in February, as manufacturing output fell 0.4%.” “The Fed is no doubt watching the two consecutive declines in manufacturing. At the very least, this release reaffirms their patient stance on further policy tightening.” “In a separate release this morning, we learned that the NY Fed’s Empire Index fell to 3.7 in March, suggesting a near-term rebound in manufacturing activity remains limited.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DUP: Talks with UK government to continue over the next few days FX Street 4 years Data released today showed that Industrial Production rose marginally in February. Analysts at Wells Fargo point out the 0.4% decline in February manufacturing output held back a more pronounced gain in industrial production. They see that the outlook for manufacturing activity remains under pressure. Key Quotes: "Industrial production rose a modest 0.1% in February. This followed a decline in January, which was entirely due to weakness in manufacturing. This core weakness remained in February, as manufacturing output fell 0.4%." "The Fed is no doubt watching the two consecutive declines in manufacturing. At the very least, this release reaffirms their… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
