Industrial Production moved higher in April (+0.7% MoM) to a new record high – marginally above the Nov 2014 peak – but while year-over-year growth remains near 7-year highs, it did stop accelerating in April.
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Utilities rose 1.9% in April after rising 6.1% in March
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Mining rose 1.1% in April after rising 0.8% in March
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Vehicle Production dropped 1.3% in April after rising 2.8% in March
Manufacturing Production rose 0.5% in April (as expected) and Capacity Utilization rose to 78.0% – highest since March 2015.
Finally, the question is – will Industrial Production catch up, or Industrial Average catch down?
via RSS https://ift.tt/2In5zDE Tyler Durden