Investing.com – Industrial production in the U.S. was unexpectedly flat in April, official data showed on Tuesday.
In a report, the U.S. Federal Reserve said that industrial production was flat in April, after rising by 0.7% in March, whose figure was revised down from a gain of 0.8%.
Analysts had expected industrial production to rise by 0.5% in April.
The report showed that the capacity utilization rate rose less-than-expected in April, increasing by a seasonally adjusted 76.9%, after rising by 77.0% in March, whose figure was revised down from 77.4%.
Economists had projected the capacity utilization rate to increase by 77.7%.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.13% to hit 1.4137.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.4%, S&P 500 futures indicated a drop of 0.35%, while the Nasdaq 100 futures pointed to a decline of 0.42%.
In a report, the U.S. Federal Reserve said that industrial production was flat in April, after rising by 0.7% in March, whose figure was revised down from a gain of 0.8%.
Analysts had expected industrial production to rise by 0.5% in April.
The report showed that the capacity utilization rate rose less-than-expected in April, increasing by a seasonally adjusted 76.9%, after rising by 77.0% in March, whose figure was revised down from 77.4%.
Economists had projected the capacity utilization rate to increase by 77.7%.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.13% to hit 1.4137.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.4%, S&P 500 futures indicated a drop of 0.35%, while the Nasdaq 100 futures pointed to a decline of 0.42%.