US industrial production report for April was released today at 2:15 pm BST. Report was expected to show small increases in industrial and manufacturing production on a monthly basis, as well as no change to capacity utilization compared to the previous month.
Actual report turned out to be a disappointment, with industrial production coming in flat compared to a month ago and manufacturing production unexpectedly dropping. Capacity utilization remained unchanged at 78.4%, in-line with economists' expectations. As this report is considered a second-tier release, no major market reaction could be spotted. USD moved slightly higher, triggering a small drop on EURUSD.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appUS, industrial production report for April
- Industrial production: 0.0% MoM vs 0.1% MoM expected (0.4% MoM previously)
- Manufacturing production: -0.3% MoM vs 0.1% MoM expected (0.5% MoM previously)
- Capacity utilization: 78.4% vs 78.4% expected (78.4% previously)
EURUSD deepened ongoing drop after US industrial production data and moved to fresh daily lows. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
