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US Industrial Production decreased by 0.6%

Friday, Apr 15 2016
Industrial production decreased 0.6% in March for a second month in a row. For the first quarter as a whole, industrial production fell at an annual rate of 2.2%. A substantial portion of the overall decrease in March resulted from declines in the indexes for mining and utilities, which fell 2.9% and 1.2% respectively; in addition, manufacturing output fell 0.3%. The sizable decrease in mining production continued the industry's recent downward trajectory; the index has fallen in each of the past seven months, at an average pace of 1.6% per month. 
Earlier today Empire State Manufacturing Index figures were released. The April 2016 Empire State Manufacturing Survey indicates that business activity expanded for New York manufacturers. The headline general business conditions climbed nine points to 9.6, its highest level in more than a year. Employment levels and the average workweek were little changed from March. The six-month outlook continued to improve, with the index for future business conditions rising for a third straight month. 
 
Euro is currently being traded few points above 1.1280 level, Sterling is around 1.4180 handle, while Aussie is at 0.77 area. Later today Consumer Sentiment figures are scheduled for a release.
More in this category: « Eurozone Trade Balance surplus at €19 billion Consumer Sentiment Falls on Concerns Over U.S. Wages, Elections »

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