gtag('config', 'G-0PFHD683JR');
Crypto Trends

American industrial production contract 0.2 % in May compared to 0.1 % expected

  • Industrial production in the United States decreased by 0.2 % in May.
  • The US dollar index carries a constant at about 98.00 after data.

The data published by the Federal Reserve on Tuesday showed that industrial production in the United States (the United States) contracted 0.2 % on a monthly basis in May. This reading followed the growth of 0.1 % registered in April and is worse than the market expectation to expand 0.1 %.

Other details of the report showed that the manufacturing output increased by 0.1 % in this period. Meanwhile, the capacity use of 77.4 % of 77.7 % decreased in April.

Market reaction

The US dollar index carries a constantly higher than 98.00 after these data versions.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button