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US Industrial Production Jumps In October – Remains Below 2014 Peak

After August's shocking plunge in Industrial Production – assumed away as storm-related -September and now October rebounded notably MoM (+0.9% vs +0.5% exp)… as Manufacturing resurged 1.3% MoM – the most since 2010. However, excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for […]

US Industrial Production Data Dashes ‘Survey-Driven’ Hopes Of Manufacturing Renaissance

Following August's storm-driven collapse in Industrial Production (-0.9%, worst since May'09), September was due for a bounce back and it did but only meeting expectations with a 0.3% rise on a surge in Utilities. However, aggregate industrial production for US remains 2% below its 2014 peak… Manufacturing Surveys have all been soaring heading into today's […]