Investing.com – U.S. industrial production rose more-than-expected in July, official data showed on Tuesday.
In a report, the Federal Reserve said that industrial production rose by a seasonally adjusted 1.0% in July, after declining by 0.1% in June, whose figure was revised down from a gain of 0.1%.
Analysts had expected industrial production to rise 0.5% in July.
The report said that the capacity utilization rate rose more-than-expected in July, rising to a seasonally adjusted 74.8% after rising to 74.1% in June.
Analysts had expected the capacity utilization rate to rise to 74.6% in July.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.46% to hit 1.2887.
In a report, the Federal Reserve said that industrial production rose by a seasonally adjusted 1.0% in July, after declining by 0.1% in June, whose figure was revised down from a gain of 0.1%.
Analysts had expected industrial production to rise 0.5% in July.
The report said that the capacity utilization rate rose more-than-expected in July, rising to a seasonally adjusted 74.8% after rising to 74.1% in June.
Analysts had expected the capacity utilization rate to rise to 74.6% in July.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.46% to hit 1.2887.