Investing.com - Industrial production in the U.S. rose more-than-expected in June, official data showed on Tuesday.
In a report, the U.S. Federal Reserve said that industrial production rose 0.3% in June, above market expectations for a 0.2% increase.
Industrial production was flat in May.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 77.8% in June from 77.7% in May. Analysts had expected the capacity utilization rate to hold steady at 77.7%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.33% to trade at 1.3106.
Meanwhile, U.S. stock future indices pointed to a flat open. The Dow Jones Industrial Average futures was little changed, S&P 500 futures were flat, while the Nasdaq 100 futures pointed to an increase of 0.1% at the open.
In a report, the U.S. Federal Reserve said that industrial production rose 0.3% in June, above market expectations for a 0.2% increase.
Industrial production was flat in May.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 77.8% in June from 77.7% in May. Analysts had expected the capacity utilization rate to hold steady at 77.7%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.33% to trade at 1.3106.
Meanwhile, U.S. stock future indices pointed to a flat open. The Dow Jones Industrial Average futures was little changed, S&P 500 futures were flat, while the Nasdaq 100 futures pointed to an increase of 0.1% at the open.