Industrial Production in the US rose 3% in July as expected. Capacity Utilization improved more than expected in the same period. Industrial Production in the United States expanded by 3% on a monthly basis in July, the Federal Reserve reported on Friday. This reading followed June’s increase of 5.7% (revised from 5.4%) and came in line with the market expectation. Additional takeaways “Manufacturing output continued to improve in July, rising 3.4%.” “The largest gain in July, 28.3%, was registered by motor vehicles and parts; factory production elsewhere advanced 1.6%.” “Capacity utilization for the industrial sector increased 2.1% in July to 70.6%, a rate that is 9.2% below its long-run (1972–2019) average but 6.4% above its low in April.” Market reaction The US Dollar Index largely ignored this report and was last seen losing 0.15% on a daily basis at 93.10. 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 EUR/USD flirts with session highs near 1.1830 FX Street 2 years Industrial Production in the US rose 3% in July as expected. Capacity Utilization improved more than expected in the same period. Industrial Production in the United States expanded by 3% on a monthly basis in July, the Federal Reserve reported on Friday. This reading followed June's increase of 5.7% (revised from 5.4%) and came in line with the market expectation. Additional takeaways "Manufacturing output continued to improve in July, rising 3.4%." "The largest gain in July, 28.3%, was registered by motor vehicles and parts; factory production elsewhere advanced 1.6%." "Capacity utilization for the industrial sector increased 2.1% in July to… 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.
