US Industrial Production Hits New Record High In April

US Industrial Production Hits New Record High In April

US Industrial production was expected to rise for the 4th straight month in April and it did, jumping significantly more than expected (+1.1% MoM vs +0.5% MoM). That is the biggest monthly jump since October…

Source: Bloomberg

US Industrial production overall has reached a new record high…

Source: Bloomberg

And Capacity Utilization reached its highest since Dec 2018…

Source: Bloomberg

Manufacturing also surprised to the upside with a 0.8% MoM rise…

Source: Bloomberg

Finally, are the Dow INDUSTRIALS catching down to actual INDUSTRIAL PRODUCTION?

Source: Bloomberg

Sadly for the bulls, good (economic) news remains bad news for stocks as it offers The Fed no ‘outs’.

Tyler Durden
Tue, 05/17/2022 – 09:20

Share DeepPol