US industrial production data for January was released today at 2:15 pm GMT. Report was expected to show an increase in industrial production as well as flat manufacturing production. Capacity utilization was expected to improve slightly compared to a month ago.
Actual report turned out to be a disappointment, just as was the case with retail sales data earlier today. Industrial and manufacturing production dropped compared to a month ago, while capacity utilization deteriorated instead of improving.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS industrial production report for January
- Industrial production (monthly): -0.1% MoM vs +0.3% MoM expected (+0.1% MoM previously)
- Industrial production (annual): vs +1.0% previously
- Manufacturing production (monthly): -0.5% MoM vs 0.0% MoM expected (+0.1% MoM previously)
- Capacity utilization: 78.5% vs 78.8% expected (78.6% previously)
USD weakened following industrial production print. However, EURUSD continues to trade below highs reached following release of disappointing retail sales data.
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
