US industrial production rose a better than expected 0.6% MoM in June (double the 0.3% jump expected but slower than the 0.9% surge in May). This pulled industrial production up 1.6% YoY - the best since Oct 2022...

Manufacturing production also surge in June (jumping 0.4% MoM vs +0.1% exp) and May was revised up from 0.9% to +1.0% MoM). That MoM jump pulled the YoY change up to +1.1%...

Capacity Utilization also increased significantly to 78.8% in June...

It's not all sunshine and rainbows though as computer and peripheral equipment production puked in June (most since COVID lockdowns) as Utes saved the month...

Is this good news gonna help the bad news-sponsored rate-cut euphoria?

It's not all sunshine and rainbows though as computer and peripheral equipment production puked in June (most since COVID lockdowns)...
{ai:summary}US industrial production exceeded expectations in June, increasing 0.6% MoM and 1.6% YoY, with manufacturing production also surging. Capacity Utilization rose to 78.8%, but computer equipment production plummeted, dampening the overall outlook. #economy

US Industrial Production, Manufacturing Jumps In June, But...

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