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US Industrial Production Surged In January
Despite slumping sentiment surveys, 'hard' data continues to suggest the US economy is ticking along nicely with Industrial Production surging 0.7% MoM in January (better than the +0.4% MoM expected and well up from the downward revised +0.2% MoM in December).
This is the 3rd straight monthly increase in Industrial Production, lifting growth to 2.3% YoY - the best annual growth since Sept 2022...
Source: Bloomberg
Under the hood, US Manufacturing output rose 0.6% MoM (better than the +0.4% MoM expected and best monthly gain since Feb 2025)...