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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.