US Industrial production rose 0.1% MoM in August (better than the small 0.1% MoM decline expected) and a modest rebound from July’s weakness. YoY growth in production dipped to 0.9%…
Source: Bloomberg
On the Manufacturing side, data also surprised to the upside with a 0.2% MoM gain versus expectations of a 0.2% decline.
Source: Bloomberg
But, the worst news is the Capacity Utilization continues to trend lower…
Source: Bloomberg
So much for the tariff terror’s impact on American manufacturing…
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