Thanks to some sizable downward revisions in prior months, US Industrial Production rebounded strongly in July, rising 1.0% MoM (considerably better than the 0.3% MoM expected). However, thanks to the downward revisions, industrial production remains down 0.25% YoY...

For the fifth straight month, US manufacturing output is lower year-over-year, despite a 0.5% MoM rebound in July...

So, Bidenomics is working? And a year on from the Inflation Reduction Act's enactment, US manufacturing output is lower.

...'Bidenomics'?
{ai:summary}US Industrial Production rebounds in July, but remains down YoY. #economy
US manufacturing output lower YoY despite rebound in July. #economy

Despite Rebound, US Industrial Production Remains Lower Year-Over-Year

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