Market ignores poor US production figures; GM strike “evident”

15 November 2019

 

The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading indicators of GDP use industrial production figures as a component. A month ago, IP figures had suggested some chance of an end to a recent run of months in which US production has...

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