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BREAKING: US industrial production rises more than forecast

2:19 PM 17 August 2021

Total industrial production in the US increased to 0.9 % in July, easing from a downwardly revised 0.2% growth in June and above market consensus of a 0.5 % advance. Capacity utilization 76.1% versus 75.7% estimate. Prior month remained unchanged at 75.4%. Manufacturing output increased 1.4% versus -0.3% last month (revised from -0.1% previously reported).

US100 continues to move lower after today’s data release and is heading towards major support at 15,000 pts. Source: xStation5

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