Industrial Production Growth Slows For First Time Since January

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"

Comments

hola dos cola Fri, 07/14/2017 - 11:00 Permalink

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 5002,451.45+3.62+0.15%  Nasdaq6,286.24+11.81+0.19%  SmallCap 20001,426.82+1.15+0.08%  More distribution? P.S. In any case, there appears to be a credibility issue: the data or the market?