Industrial Production Growth Slows For First Time Since January

Tyler Durden's picture

Following May's disappointing MoM collapse in industrial production growth, economists had hoped for a modest 0.3% rebound and were pleasantly surprised with 0.4% gain in June (and upward revision for May).

  • Factory production rose 0.2% in June after falling 0.4% in May
  • Utilities unchanged in June after rising 0.8% in May
  • Mining rose 1.6% in June after rising 1.9% in May

However, year-over-year growth in industrial production slowed from +2.1% to +2.0% YoY - its first slowdown since January.

 

Industrial Production remains 1.4% below its Nov 2014 peak, but the Dow Jones "Industrial" Average is up 21% since then...

"New Economy"

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tttan's picture

If economy is so stale and retail sales so weak, why is amzn trading so high

Stormtrooper's picture

Because amzn is amzn.  What other reason needed?

espirit's picture

Meh. It's the weather.

(add space weather to the mix)

Bill of Rights's picture

More Bull shit reports now considered real lol

Snaffew's picture

Great Scott Robin---these markets aren't markets at...all!

Snaffew's picture

holy volatility suppression Batman!

hola dos cola's picture

Amazing.

The data 'deluge' overall bearish (non-dramatic nevertheless bearish), the banks this morning not too bad but look at them now: Citigroup C, -0.90% J.P. Morgan JPM, -1.62%  Wells Fargo WFC, -2.38%  .

oil up on jawboning and weaker $ index.

But the market:

                  Dow 30  21,574.24 +21.15 +0.10%     S&P 500 2,451.45 +3.62 +0.15%     Nasdaq 6,286.24 +11.81 +0.19%     SmallCap 2000 1,426.82 +1.15 +0.08%  

 

More distribution?

 

P.S. In any case, there appears to be a credibility issue: the data or the market?

 

 

Five Star's picture

The slump in industrial production since 2011 is actually the longest outside a recession since 1919

http://thesoundingline.com/chart-of-the-day-us-industrial-production/