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Industrial Production Much Stronger than Expected

From moneymaven.io

Industrial production rose 0.6 percent vs the Bloomberg Econoday consensus estimate of 0.2 percent. The Fed's Industrial Production and Capacity Utilization shows much stronger than expected numbers. Key Points • Industrial production rose 0.6 percent in August after declining 0.1 percent in July. • Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year. In August, the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. • At 109.9 percent of its 2012 average, total industrial ... (full story)

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  • Category: Fundamental Analysis