Industrial Production in US expanded at a softer pace than expected in March. US Dollar Index continues to move sideways above 91.60. Industrial Production in the United States expanded by 1.4% on a monthly basis in March, the US Federal Reserve reported on Thursday. This reading followed February’s contraction of 2.6% and came in weaker than the market expectation for an increase of 2.8%. Additional takeaways “For the first quarter as a whole, total industrial production rose 2.5% at an annual rate.” “In March, manufacturing production and mining output increased 2.7% and 5.7%, respectively.” “Capacity utilization for the industrial sector increased 1.0 percentage point in March to 74.4%, a rate that is 5.2 percentage points below its long-run (1972-2020) average.” Market reaction This report doesn’t seem to be having a significant impact on the greenback’s performance against its rivals. As of writing, the US Dollar Index was up 0.05% on the day at 91.67. 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: Bulls to regain ground on a break above 1.2010 FX Street 2 years Industrial Production in US expanded at a softer pace than expected in March. US Dollar Index continues to move sideways above 91.60. Industrial Production in the United States expanded by 1.4% on a monthly basis in March, the US Federal Reserve reported on Thursday. This reading followed February's contraction of 2.6% and came in weaker than the market expectation for an increase of 2.8%. Additional takeaways "For the first quarter as a whole, total industrial production rose 2.5% at an annual rate." "In March, manufacturing production and mining output increased 2.7% and 5.7%, respectively." "Capacity utilization for the industrial sector… 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.
