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US Industrial Production for April Increases by 1%


May, 17 2017
watermark Economic news

The April reading for the US industrial production data recorded a significant surge compared to the previous month’s reading, an indicator that the country’s economic status is finally gaining some much-needed momentum after starting off the year on a somewhat lackluster note. The industrial production data surged by 1% as compared to the reading last March, the highest recorded increase of the said indicator within a three-year period as according to the Federal Reserve. This positive reading is the latest in a series of optimistic readings for the month of April, with the previous ones being a drop in unemployment rates and a surge in consumer spending data.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.