Saturday, March 17, 2007

Forex News: 16.03.2007 Industrial production in the USA far above expectations in February

The index of industrial production in the USA rose in February by 1.0%, which was far above analysts’ estimates of 0.2% growth.

The considerable growth of industrial production may provide great support to dollar, because it is one of major macroeconomic indicators reflecting the tendencies of national economy.

Besides, industrial production in January was not so much down, as it was reported before. According to the revised estimates, the index of industrial production fell by 0.3% in January (earlier reported as 0.5).


Post a Comment

<< Home