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US Industrial Production Sees Biggest Annual Gain In 3 Years Despite Slowing Capacity Utilization
First things first, this is data for September. But we would given this morning's Industrial Production and Manufacturing Output data a 'meh' ranking.
Industrial Production rose just 0.1% MoM (as expected) up from the downwardly revised 0.3% MoM decline in August. On a YoY basis, production rose 1.62% - its best since Nov 2022...
US Manufacturing output was unchanged in September (slowing from the 0.1% MoM rise in August), but, like IP, that supported a 1.5% YoY rise in output, its highest level since April 2022...