The report showed manufacturing posted a modest gain, in line with a gradual improvement that’s been slowed by weak output of motor vehicles, business equipment and construction supplies. Mining companies, in particular, have shown healthy advances for the past three months, and utilities have stabilized after a weak start to the year. Capacity utilization reached the highest level since August 2015.
U.S. Industrial Production up by 0.4%
U.S. factory production increased in June in line with analysts’ forecasts, as demand for natural resources, automobiles and machinery rebounded, Federal Reserve data showed Friday. Factory output was up 0.2 percent (est. 0.2% gain) after falling 0.4%. Total industrial production, which also includes mines and utilities, increased 0.4% (est. 0.3% gain) after revised 0.1% advance. Capacity utilization, measuring the amount of a plant that is in use, climbed to 76.6% (est. 76.8%) from 76.4%.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419