US Industrial Production Jumps In October - Remains Below 2014 Peak

Tyler Durden's picture

After August's shocking plunge in Industrial Production - assumed away as storm-related -September and now October rebounded notably MoM (+0.9% vs +0.5% exp)...

as Manufacturing resurged 1.3% MoM - the most since 2010.

However, excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.

In other words, the hurricanes contributed 6% of the rebound in IP... so we're gonna need moar hurricanes!

And of course, the US equity market is well aware of this trend in Industrial Production...

Industrial Production remains 0.5% below 2014's peak, but the Industrial Average is up 31% since then.

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Two-bits's picture

What exactly does a company's production have to do with that company stock value in this market?

Megaton Jim's picture

Jump, you bastards!

Rainman's picture

Hurricanes mean moar demand for sandbags and plywood for windows !

...btw, primary dealers get popped for rigging Treasury auctions via chat rooms. lol

https://nypost.com/2017/11/16/wall-st-bankers-secretly-used-chat-rooms-to-rig-treasury-bond-trades-suit/

 

Consuelo's picture

 

 

Industrial Production (of what and where?)

Manufacturing (of what and where?)

MuffDiver69's picture

So this jump doesn’t beat the previous high in 2014 and this is newsworthy...Stop with the bull crap. It rose and that’s the only stat, Just like if it went down you clown..