Investing.com - Industrial production in the U.S. was unexpectedly flat for the second consecutive month in March, official data showed on Tuesday.
In a report, the U.S. Federal Reserve said that industrial production was flat in March, confounding expectations for a 0.3% increase, after posting a flat reading in February as well.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, fell in line with expectations to 78.7% in March from 78.7% in February, whose figure was revised up from 78.4%.
Following the release of the data, the U.S. dollar was mildly higher against the euro, with EUR/USD easing down 0.1% to trade at 1.3128.
Meanwhile, U.S. stock index futures pointed to an upbeat open. The Dow Jones Industrial Average futures pointed to a gain of 0.55%, S&P 500 futures rose 0.6%, while the Nasdaq 100 futures indicated a gain of 0.4%.
In a report, the U.S. Federal Reserve said that industrial production was flat in March, confounding expectations for a 0.3% increase, after posting a flat reading in February as well.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, fell in line with expectations to 78.7% in March from 78.7% in February, whose figure was revised up from 78.4%.
Following the release of the data, the U.S. dollar was mildly higher against the euro, with EUR/USD easing down 0.1% to trade at 1.3128.
Meanwhile, U.S. stock index futures pointed to an upbeat open. The Dow Jones Industrial Average futures pointed to a gain of 0.55%, S&P 500 futures rose 0.6%, while the Nasdaq 100 futures indicated a gain of 0.4%.