US Industrial production rose significantly more than expected in June (+0.3% MoM vs +0.1% MoM exp) with May's 0.2% MoM decline revised up to unchanged. This left Industrial production up 0.73% YoY...

Drilling down, we see Manufacturing output also jump in June (+0.1% vs 0.0% exp), lifting the YoY growth to +0.8%...

Additionally, Capacity Utilization ticked up very modestly but remains in a downtrend...

...so much for the post-tariff-front-running hangover?

...so much for the post-tariff-front-running hangover?
{ai:summary}US industrial production increased by 0.3% in June, surpassing expectations of 0.1%, with May's decline revised to flat. Year-over-year, industrial production is up 0.73%. Manufacturing output also rose by 0.1%, contributing to a 0.8% annual growth.Capacity utilization saw a slight increase but continues to trend downward, suggesting ongoing challenges despite the recent gains in production. #economy

US Industrial Production Surges In June

Loading...