US: Industrial Production stays unchanged in February vs. +0.2% expected

• Industrial Production in the US remained unchanged on a monthly basis in February.
• US Dollar Index stays in negative territory slightly above 104.00.

Industrial Production in the US unchanged in February following January's 0.3% (revised from 0%) expansion, the US Federal Reserve reported on Friday. This reading came in weaker than the market expectation for an increase of 0.2%.

The Fed noted that manufacturing output edged up 0.1% in the same period and said Capacity Utilization remained steady at 78.0%.

Market reaction

The US Dollar Index stays on the back foot after this report and was last seen losing 0.23% on the day at 104.20.