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…
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…
Maybe it is time to take the foot off the floor after all?
Thu, 12/16/2021 – 09:22