US Industrial Production data mildly disappointing - ING

By FXstreet.com | July 16, 2014 AAA

FXStreet (Łódź) - James Knightley from ING finds the US June industrial production numbersnot as positive as hoped.



Key quotes



"US industrial production rose 0.2% MoM in June, a touch lower than the 0.3% consensus expectation, while May’s initial 0.6% MoM reading was revised lower to 0.5%."



"This is a mildly disappointing outcome, but shouldn’t have much of a market impact."



"In any case, we expect to see stronger numbers in the months ahead."



"After all, the ISM manufacturing report is at very healthy levels that have historically been consistent with GDP growth of 3% or so, while manufacturing payrolls have been rising consistently and order books look in good health."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. EUR/USD Daily Outlook - September 19
    Investing

    EUR/USD Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center