After a surprisingly jump in July – following a surprising slump in June – analysts expected US industrial production to grow at a slower pace in August and it did. Headline industrial production rose 0.4% MoM in August, below the expected 0.5% rise and well below the 0.9% jump in July. This slowed the YoY rise in IP to below 6%…
Source: Bloomberg
Manufacturing production slowed even further, rising just 0.2% MoM; well below the expected 0.4% gain and the 1.6% jump in July…
Source: Bloomberg
US Industrial Production is back to pre-COVID levels here, while stocks are well above those levels…
Source: Bloomberg
Additionally, Capacity Utilization is back at pre-COVID levels…
Source: Bloomberg
All those stimmies… and we are back to breakeven on the US manufacturing sector… and The Fed is about to start tapering?
Source: https://www.zerohedge.com/economics/us-industrial-production-growth-disappoints-august
