Investing.com – Industrial production in the U.S. rose more-than-expected in November, posting its biggest gain since July, official data showed on Wednesday.
In a report, the U.S. Federal Reserve said that industrial production rose by 0.4% in November, after falling by 0.2% in October, whose figure was revised down from a flat reading.
Analysts had expected industrial production to rise by 0.3% in November.
The report also showed that the capacity utilization rate rose more-than-expected in November, rising by a seasonally adjusted 75.2% in November, after rising by 74.9% in October, whose figure was revised up from 74.8%.
Analysts had expected the capacity utilization rate to increase by 75.0% in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD shedding 0.02% to hit 1.3591.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.67%, S&P 500 futures pointed to a loss of 0.71%, while the Nasdaq 100 futures indicated a decline of 0.80%.
In a report, the U.S. Federal Reserve said that industrial production rose by 0.4% in November, after falling by 0.2% in October, whose figure was revised down from a flat reading.
Analysts had expected industrial production to rise by 0.3% in November.
The report also showed that the capacity utilization rate rose more-than-expected in November, rising by a seasonally adjusted 75.2% in November, after rising by 74.9% in October, whose figure was revised up from 74.8%.
Analysts had expected the capacity utilization rate to increase by 75.0% in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD shedding 0.02% to hit 1.3591.
Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.67%, S&P 500 futures pointed to a loss of 0.71%, while the Nasdaq 100 futures indicated a decline of 0.80%.