Investing.com – Industrial production in the U.S. rose more-than-expected in August, official data showed on Thursday.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% in August, slightly above expectations for a 0.1% increase.
Industrial production rose 0.9% in July.
The report showed that the capacity utilization rate rose to 77.4%, below expectations for a 77.5% gain.
The previous month’s figure was revised down to 77.3% from 77.5%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 1.03% to trade at 1.3896.
Meanwhile, U.S. stock future indices were sharply higher. The Dow Jones Industrial Average futures rose 0.9%, S&P 500 futures climbed 1.05%, while the Nasdaq 100 futures pointed to a gain of 1.15%.
In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% in August, slightly above expectations for a 0.1% increase.
Industrial production rose 0.9% in July.
The report showed that the capacity utilization rate rose to 77.4%, below expectations for a 77.5% gain.
The previous month’s figure was revised down to 77.3% from 77.5%.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD jumping 1.03% to trade at 1.3896.
Meanwhile, U.S. stock future indices were sharply higher. The Dow Jones Industrial Average futures rose 0.9%, S&P 500 futures climbed 1.05%, while the Nasdaq 100 futures pointed to a gain of 1.15%.