Investing.com - Industrial production in the U.S. rose in line with expectations in December, while the previous month’s figure was revised lower, official data showed on Wednesday.
In a report, the U.S. Federal Reserve said that industrial production rose 0.3% in December, broadly in line with market expectations.
Industrial production for November was revised down to a 1% gain from a previously reported increase of 1.1%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 78.8% in December from 78.7% in November, compared to expectations for a decline to 78.5%.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.3% to trade at 1.3265.
Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a loss of 0.4% at the open, S&P 500 futures indicated a drop of 0.2%, while the Nasdaq 100 futures signaled a 0.1% advance.
In a report, the U.S. Federal Reserve said that industrial production rose 0.3% in December, broadly in line with market expectations.
Industrial production for November was revised down to a 1% gain from a previously reported increase of 1.1%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 78.8% in December from 78.7% in November, compared to expectations for a decline to 78.5%.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.3% to trade at 1.3265.
Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a loss of 0.4% at the open, S&P 500 futures indicated a drop of 0.2%, while the Nasdaq 100 futures signaled a 0.1% advance.