US Industrial Production Increase - 17th August, Forex Trading News

View PDF | Print View
by: fxsolutions
Total views: 34
Word Count: 280
Date: Wed, 31 Aug 2011 Time: 7:29 AM
0 comments

Join Joseph Trevisani, Chief Market Analyst at leading online currency trading broker FX Solutions (http://www.fxsolutions.com/), as he provides a report of Forex activity and news for 17th August 2011, including a fall for the Empire State general business conditions index.

"Factories in the U.S. produced more goods than predicted in July, helped by a rebound in automobiles as the effects Japanese earthquake continue to wane.

The nation's industrial output increased 0.9%, almost double the 0.5% expectation from the Bloomberg survey and more than twice the revised 0.4% gain in June. It was the largest rise in production this year according to the information issued by the Federal Reserve today.

Factory production, which makes up about 75% of American industrial output, increased 0.6% last month. Automobile and parts production were the biggest reason, climbing 5.2%, the first gain in four months and the largest in twelve. Manufacturing apart from the auto industry rose 0.3% in July after a 0.2% gain the month before.

The strong gains in the auto sector may be difficult to sustain in the coming months as production had been artificially curtailed by the shortage in parts following the closure of many Japanese plants in the aftermath of the March Japanese earthquake and tsunami. Demand for automobiles is not robust enough to support a series of more than 5% monthly additions to car production."

For Forex trading insights and webinars from FX Solutions, visit:
http://www.fxsolutions.com/learning-tools/tutorials/webinars.asp

Forex trading involves substantial risk of loss and is not suitable for all investors.

About the Author

About FX Solutions

FX Solutions is a leading foreign exchange broker with a focus on advanced online Forex trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions' products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information, please visit www.fxsolutions.com www.fxsol.co.uk and www.fxsolutions.com.au