US industrial output beats estimates in April; “consistent with very solid demand pulse”

17 May 2022

 

Summary: US industrial output up 1.1% in April; above market expectations; up 6.4% over past 12 months; “consistent with very solid demand pulse”; capacity utilisation rate up 0.8ppt to 79.0%, still short of long-term average. 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...

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