US Industrial Production Rebounds From Biggest Drop In Over 2 Years

Following May's surprising contraction (which was revised dramatically lower to -0.5%), June saw US Industrial Production surge 0.6% MoM.

May's MoM shift in IP was revised from 0.1% drop to 0.5% drop (the biggest drop since March 2016) but June still managed to beat expectations (+0.5%)...

Automobile production jumped 7.8 percent in June from a month earlier when it plunged 8.6 percent after a major fire at a parts supplier. Excluding motor vehicles, manufacturing production advanced 0.3 percent after a 0.4 percent drop in May.

One surprise was a decline in utility output even as temperatures climbed across the U.S. Last month was the third- warmest June on record, according to the National Oceanic and Atmospheric Administration’s website.

And finally, for good measure, there is this...

It's still different this time.

Disclosure: Copyright ©2009-2018 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.