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US Industrial Production Disappoints In May
US Industrial Production Disappoints In May
Despite strong ISM Manufacturing data, US Industrial Production disappointed in May, rising just 0.1% MoM (vs +0.3% exp), but April's print was revised up to +0.9% MoM. Put together, that lifted the YoY rise in industrial production to +1.67% - its highest since Nov 2025...
Manufacturing excluding motor vehicles and parts was also flat in May, according to the Fed report.
Mining output, which includes energy extraction, increased 1.3%.
Utilities output fell.
US Manufacturing production was unchanged in May (below the 0.3% rise expected), but thanks to an...
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