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US Industrial Production Is Growing At The Fastest Pace In 4 Years As Manufacturing Rebounds
US Industrial Production Is Growing At The Fastest Pace In 4 Years As Manufacturing Rebounds
Amid hot inflation (CPI, PPI, Import/Export prices) and AI-infected growth scares, US Industrial Production data this morning added another twist, printing far better than expected as capacity utilization picked up further in September.
Headline Industrial Production rose 0.7% MoM in September (almost double the 0.5% MoM expected) with August's unchanged revised up to +0.1% MoM. That is the sixth straight month of gains for industrial production...
...lifting the annual increase in US industrial production to +2.25% -...
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Authored by Jarvis Lim via The Epoch Times,
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A screen advertising Xinhua News Agency in Times Square in the Manhattan borough of New York City, on March 2, 2020. Andrew Kelly/Reuters
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