US Industrial Production Rebounds In October. Finally Back To Pre-COVID Levels

US Industrial Production Rebounds In October. Finally Back To Pre-COVID Levels

US industrial production rebounded strongly in October (+1.6% MoM) after 2 straight months of declines…

Source: Bloomberg

That is the strongest monthly jump since March.

Manufacturing continued its flip-flopping year with a 1.2% MoM bounce after falling in September…

Source: Bloomberg

Capacity Utilization picked up, rising from 75.2% in September to 76.4% in October – the highest since pre-COVID.

Finally, we note that US Industrial Production is back to Pre-COVID levels…

Of course, stocks had all this priced in plus more already.

Tyler Durden
Tue, 11/16/2021 – 09:24

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