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US Industrial Production Growth Disappoints In August

Tyler Durden's Photo
by Tyler Durden
Wednesday, Sep 15, 2021 - 09:21 AM

After a surprisingly jump in July - following a surprising slump in June - analysts expected US industrial production to grow at a slower pace in August and it did. Headline industrial production rose 0.4% MoM in August, below the expected 0.5% rise and well below the 0.9% jump in July. This slowed the YoY rise in IP to below 6%...

Source: Bloomberg

Manufacturing production slowed even further, rising just 0.2% MoM; well below the expected 0.4% gain and the 1.6% jump in July...

Source: Bloomberg

US Industrial Production is back to pre-COVID levels here, while stocks are well above those levels...

Source: Bloomberg

Additionally, Capacity Utilization is back at pre-COVID levels...

Source: Bloomberg

All those stimmies... and we are back to breakeven on the US manufacturing sector... and The Fed is about to start tapering?

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