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…
Source: BloombergManufacturing 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%…
Source: BloombergCapacity Utilization also increased significantly to 78.8% in June…
Source: BloombergIt’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…
Source: BloombergIs this good news gonna help the bad news-sponsored rate-cut euphoria?More By This Author:Auto Insider Warns More Americans Fall Behind On Car Payments As Repos Soar 23%Ethereum Jumps Above $3,400 On Report ETFs To Start Trading Next WeekWhere Inequality Is More & Less Rife
