
US Industrial Production Surges in April
US industrial production saw a stronger-than-expected surge in April, indicating robust activity in the manufacturing and mining sectors. This increase suggests positive momentum for the nation's industrial output.
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Industrial production rises more than expected in April
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US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifti...
By Tyler Durden
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