1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

US industrial production fell sharper than expected - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Bas van Geffen, Quantitative Analyst at Rabobank, notes that the US industrial production fell sharper than expected in February, posting a -0.5% decline m-o-m versus a -0.3 consensus.

    Key Quotes

    “Capacity utilisation fell 0.2 percentage points as well, to 76.7, thereby offsetting most of the recovery in January after a continuous decline in the second half of 2015. These data, and the remaining spare capacity that it signals, seem in line with the Fed’s assessment that there is still some lack of price pressure to fully ensure a return to the 2%-target.”
    For more information, read our latest forex news.
     

Share This Page