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US Industrial Production Disappoints (Again) In June
US Industrial Production Disappoints (Again) In June
US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY...
The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact...
If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production...
...or maybe it's just another useless sentiment signal.
...
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