Industrial Production in the US rose at a stronger pace than expected in December. US Dollar Index posts strong daily gains above 90.50 after the data. Industrial Production in the United States expanded by 1.6% on a monthly basis in December, the US Federal Reserve reported on Tuesday. This print followed November’s increase of 0.5% (revised from 0.4%) and came in better than the market expectation of 0.4%. Additional takeaways “For the fourth quarter as a whole, total industrial production rose at an annual rate of 8.4%.” “Capacity utilization for the industrial sector rose 1.1 percentage points in December to 74.5%, a rate that is 5.3 percentage points below its long-run (1972–2019) average.” Market reaction The US Dollar Index continues to edge higher after this data and was last seen gaining 0.38% on a daily basis at 90.58. 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 XLM Price Prediction: Stellar consolidates ahead of a 30% move FX Street 2 years Industrial Production in the US rose at a stronger pace than expected in December. US Dollar Index posts strong daily gains above 90.50 after the data. Industrial Production in the United States expanded by 1.6% on a monthly basis in December, the US Federal Reserve reported on Tuesday. This print followed November's increase of 0.5% (revised from 0.4%) and came in better than the market expectation of 0.4%. Additional takeaways "For the fourth quarter as a whole, total industrial production rose at an annual rate of 8.4%." "Capacity utilization for the industrial sector rose 1.1 percentage points in December to 74.5%,… 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.
