- Industrial production in the US continued to expand at a solid rate in January.
- The US Dollar DXY Index is holding on to gains around the 91.00 level after the data.
Industrial production in the United States expanded 0.9% on a monthly basis in January, the Federal Reserve of the United States reported on Wednesday. This reading arrives after December increase of 1.3% and was better than the market expectation of 0.5%.
Additional comments:
“Manufacturing production increased 1.0%, roughly the same as its average gain for the previous five months.”
“Capacity utilization for the industrial sector increased 0.7% in January to 75.6%, a rate that is 4.0% below its long-term average (1972-2020).”
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