2:19 PM · 17 May 2022

US industrial production rises more than forecast

Industrial production in the US jumped to 1.10% in April, after 0.9% increase in March and above market consensus of a 0.5% advance.
On the annual basis industrial production increased to 6.40 % year-on-year in March, from 5.5% in March.

EURUSD saw relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.0530 level. Source: xStation5

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