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18 Mar 2025

US Industrial Production rises 0.7% in February vs. 0.2% expected

  • Industrial Production in the US grew at a faster pace than expected in February.
  • US Dollar Index clings to marginal daily gains at around 103.50.

Industrial Production in the US expanded by 0.7% on a monthly basis in February, the Federal Reserve reported on Tuesday. This reading followed the 0.3% increase recorded in January and came in better than the market expectation for a growth of 0.2%.

"Manufacturing output rose 0.9%, boosted by a jump of 8.5% in the index for motor vehicles and parts," the Fed noted in its press release. "Capacity utilization stepped up to 78.2% , a rate that is 1.4 percentage points below its long-run (1972–2024) average."

Market reaction

The US Dollar (USD) Index holds its ground following this report and was last seen rising 0.13% on the day at 103.55.

Mar 18, 2025

GBP tracks broader tone in the USD to regain 1.30+ – Scotiabank

Pound Sterling (GBP) retains a firm tone versus the USD, reaching the 1.30 level for the first time since November before drifting back slightly, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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Mar 18, 2025

United States Business Inventories rose from previous -0.2% to 0.3% in January

United States Business Inventories rose from previous -0.2% to 0.3% in January
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