US Industrial Production Unexpectedly Dropped In August
US Industrial Production fell in August, dropping 0.2% MoM (vs 0.0% expected) and saw July revised lower also. August was the biggest MoM drop since Sept 2021
This is the 3rd monthly drop in 4 months as utilities fell 2.3% in August (after dropping 1.2% in July).
Manufacturing managed a small monthly gain in August…
Capacity utilization dropped modestly from 80.2% (revised down from 80.3%) to 80.0% in August
Not exactly the picture of a healthy recovering economy…
Thu, 09/15/2022 – 09:26