- Industrial Production in US grew at a softer pace than expected in June.
- US Dollar Index stays in the positive territory above 92.50.
Industrial Production in the United States expanded by 0.84 on a monthly basis in June, the US Federal Reserve reported on Thursday. This reading followed May's growth of 0.7% and came in slightly weaker than the market expectation for an increase of 0.7%.
Additional takeaways
"In June, manufacturing output edged down 0.1%, as an ongoing shortage of semiconductors contributed to a decrease of 6.6% in the production of motor vehicles and parts."
"For the second quarter as a whole, total industrial production rose at an annual rate of 5.5%."
"Capacity utilization for the industrial sector rose 0.3 percentage point in June to 75.4%."
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen rising 0.22% on the day at 92.56.
