US industrial output rose by 1.1% in April, surpassing forecasts of 0.5% growth, including a 0.8% jump in manufacturing.
- The increase comes after a similar increase in March. The median forecast by a Bloomberg survey expected a 0.4% increase in factory output and a 0.5% increase in industrial production.
- Another monthly increase in factory output signals how an easing of capacity constraints linked to labor and materials is providing procedures with greater capacity to meet solid demand for business equipment and household goods.
- The increase in April manufacturing was broad, including gains in the production of materials, motor vehicles, food, and machinery.
Capacity utilization at factors jumped to a 15-year high of 79.2%
DXY down -0.76%, EURUSD up +1.03%
Source: Federal Reserve
