USA: industrial production surprisingly significantly

FXStreet — The U.S. industry has increased its production in April unexpectedly strong. So they grew by 1.0 percent compared to the previous month, as the US Central Bank announced on Tuesday. This corresponded to the largest increase since February 2014. Economists had only expected an increase of 0.3 percent. In March, production had risen according to the revised Figures of 0.4 percent (previously 0.5 percent).

At the same time, capacity utilization put on it with a shovel. It was in April, at 76.7 percent. Experts had expected an average only 76.3 percent.

Important Quotes:

Overall, the Output increased in the Manufacturing by 1.0 percent. Reason for this is the broad rise in key industries.

The indexes for mining and for utilities climbed 1.2 percent and 0.7 percent.

Overall, industrial production grew year on year by 2.2 percent.

The capacity utilization is in spite of the recent increase, 3.2 percent below the long-term average.

** FXStreet News Editorial, FXStreet**

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