U.S. industrial production rises 0.4% in August

Investing.com - dustrial production in the U.S. rose broadly in line with expectations in August, official data showed on Monday.In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.4% in August, matching forecasts.Industrial production was flat in July.The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, inched up to 77.8% in August, in line with expectations and up from 77.6% in July. Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.63% to trade at 1.3380.Meanwhile, the outlook for U.S. equity markets held on to strong gains. The Dow Jones Industrial Average futures indicated a rise of 1% at the open, S&P 500 futures pointed to a gain of 1% and Nasdaq 100 futures indicated an increase of 0.8%.
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