Investing.com - Industrial production in the U.S. rose less-than-expected in June, fuelling concerns over the economic outlook, official data showed on Wednesday.
In a report, the Federal Reserve said that industrial production rose by a seasonally adjusted 0.2% last month, below forecasts for a 0.4% gain.
Industrial production for May was revised down to a gain of 0.5% from a previously reported increase of 0.6%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, held steady at 79.1% in June, compared to expectations for a reading of 79.3%.
Following the release of the data, the U.S. dollar held to gains against the euro, with EUR/USD shedding 0.28% to trade at 1.3530.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow pointed to a gain of 0.35%, the S&P 500 indicated a rise of 0.45%, while the Nasdaq 100 signaled an increase of 0.8%.
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