020 7898 0500The main release for the US yesterday was the industrial production figures which showed an increase of 0.7% month-over-month in April 2018. This was better than the 0.6% the markets had been expecting. This, coupled with the retail sales figures that were released on Tuesday, paints a picture of health for the US economy which should support the dollar.
Building permits fell by 1.8% in April, but markets had been expecting a bigger drop of 2.3%. It is obviously possible for a negative to be viewed as a positive. Finally, manufacturing production also increased by 1.8% in April, following a downwardly revised 2.5% increase in March.
Today’s main release is the initial jobless claims up to 12 May 2018.
