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BREAKING: US industrial production below market expectations

2:20 PM 15 September 2022

Industrial production in the US decreased to -0.20 % in August, from 0.6% MoM increase in July and missing market consensus of a 0.1% MoM advance. It is the worst reading since late 2021.

On the annual basis industrial production decreased to 3.7% year-on-year in August, from 3.9% in July.

EURUSD pair erased some of the early gains and is once again testing parity level. Source: xStation5

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