US industrial production rose 0.8% in August versus 0.2% expected

• Industrial production rose at a stronger-than-expected pace in August.
• The US dollar index remains in positive territory slightly below 101.00.

US industrial production rose 0.8% month-on-month in August, the Federal Reserve (Fed) reported on Tuesday. This reading followed the 0.6% decline in July and came in better than market expectations of 0.2%.

Further details of the publication showed that capacity utilization improved to 78% from 77.8% in the same period.

Market reaction

These figures do not seem to have a noticeable impact on the valuation of the US dollar against its main rivals. At press time, the USD index was up 0.15% on the day at 100.85.