US: Industrial Manufacturing stays unchanged in February vs. +0.2% anticipated

Share:

• Industrial Manufacturing within the US remained unchanged on a month-to-month foundation in February.
• US Greenback Index stays in detrimental territory barely above 104.00.

Industrial Manufacturing within the US unchanged in February following January’s 0.3% (revised from 0%) enlargement, the US Federal Reserve reported on Friday. This studying got here in weaker than the market expectation for a rise of 0.2%.

The Fed famous that manufacturing output edged up 0.1% in the identical interval and stated Capability Utilization remained regular at 78.0%.

Market response

The US Greenback Index stays on the again foot after this report and was final seen dropping 0.23% on the day at 104.20.