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US May industrial production -0.5% versus 0.0% expected
Prior was -0.2% (revised to -0.5%)Manufacturing output -0.3% vs 0.0% expectedPrior output +0.1% (revised to -0.2%)Capacity utilization 78.9% vs 79.5% expectedThis is a soft reading that takes the shine off the strong retail sales data earlier. It's certainly a two-track economy with manufacturers slowing from the post-covid boom and services/consumer-oriented sectors doing well. This article was written by Adam Button at www.forexlive.com...
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Posted: Jul 18 2023, 13:15
Author Name: forexlive
Views: 080960