US Industrial Production Jumps To Highest Since Aug 2019

US Industrial Production Jumps To Highest Since Aug 2019

Having surged back above pre-COVID-lockdown levels in October, analysts expected US Industrial Production to extend its improvement in November and it did but slightly worse than expected (+0.5% MoM vs +0.6% MoM exp) but followed an upward revision from +1.6% to +1.7% MoM in October…

Source: Bloomberg

Manufacturing also rose (+0.7% MoM)…

Capacity Utilization rose to 76.8%, the highest since Nov 2019.

Overall, Industrial Production is back to its strongest level since Aug 2019…

Source: Bloomberg

Maybe it is time to take the foot off the floor after all?

Tyler Durden
Thu, 12/16/2021 – 09:22

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