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U.S. industrial production falls unexpectedly in February

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Forex Pros - Industrial production in the U.S. fell unexpectedly in February, dropping for the second consecutive month, official data showed on Thursday.

In a report, the U.S. Federal Reserve said that industrial production declined by 0.1% in February, after rising by 0.3% in January, whose figure was revised up from a decline of -0.1%.

Analysts had expected industrial production to rise by 0.6% in February.

The report also showed that the capacity utilization rate rose less-than-expected in February, increasing by a seasonally adjusted 76.3%, after rising by 76.4% in January, whose figure was revised up from 76.1%.

Analysts had expected the capacity utilization rate to increase by 76.5% in February.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.77% to hit 1.4008.

Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures pointed to a gain of 1.02%, S&P 500 futures indicated a rise of 1.31%, while the Nasdaq 100 futures added 1.19%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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