Industrial Production Flat in April
US Industrial Production came in flat for the month of April, down from the previous month. Industrial Production m/m fell to 0.0% from 0.8% in March and below consensus for 0.4%.
The Capacity Utilization Rate was also lower in April, at 76.9%, down from 77.4% the previous month and below forecast of 77/6%.
EUR/USD hit a day’s low of 1.4124 immediately after the data release but recovered to 1.4173 at the time of writing.
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