US Industrial Production increases by 0.8% in August vs. 0.2% expected

• Industrial Production increased at a stronger pace than expected in August.
• US Dollar Index stays in positive territory slightly below 101.00.

Industrial Production in the US rose 0.8% on a monthly basis in August, the Federal Reserve (Fed) reported on Tuesday. This reading followed the 0.6% decrease recorded in July and came in better than the market expectation of 0.2%.

Further details of the publication showed that the Capacity Utilization improved to 78% from 77.8% in the same period.

Market reaction

These figures don’t seem to be having a noticeable impact on the US Dollar’s valuation against its major rivals. At the time of press, the USD Index was up 0.15% on the day at 100.85.