Investing.com - Industrial production in the U.S. rose more-than-expected in November, official data showed on Monday.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 1.1% last month, above forecasts for a 0.5% gain.
Industrial production for October was revised up to a 0.15 increase from a previously reported decline of 0.1%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, inched up to 79.0% in November, compared to expectations for a reading of 78.4% and up from 78.2% in October.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.17% to trade at 1.3765.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.5% at the open, S&P 500 futures pointed to a rise of 0.5% and Nasdaq 100 futures indicated an increase of 0.5%.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 1.1% last month, above forecasts for a 0.5% gain.
Industrial production for October was revised up to a 0.15 increase from a previously reported decline of 0.1%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, inched up to 79.0% in November, compared to expectations for a reading of 78.4% and up from 78.2% in October.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.17% to trade at 1.3765.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.5% at the open, S&P 500 futures pointed to a rise of 0.5% and Nasdaq 100 futures indicated an increase of 0.5%.