2:18 PM · 18 July 2023

BREAKING: US Industrial Production unexpectedly lower than expected!

As you can see, the ISM and PMI indices for industry do not lie, indicating that we have a deteriorating situation all the time. Will services be next? The data, however, had no impact on the dollar, but they will certainly be taken into account by the Fed in the longer term.

U.S INDUSTRIAL PRODUCTION (MOM) (JUN) ACTUAL: -0.5% VS -0.2% PREVIOUS; EST 0.0%

U.S CAPACITY UTILIZATION RATE (JUN) ACTUAL: 78.9% VS 76.9% PREVIOUS; EST 79.5%

U.S MANUFACTURING PRODUCTION (MOM) (JUN) ACTUAL: -0.3% VS 0.1% PREVIOUS; EST 0.0%

Source: XTB

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BREAKING: US NFP data surprises to the downside; USD dips🔥

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