US industrial output stagnating; 0.1% contraction in January

15 February 2024

 

US industrial output down 0.1% in January, contrasts with expected gain; flat over past 12 months; US Treasury yields fall modestly; rate-cut expectations largely unchanged; capacity utilisation rate declines to 78.5%, 0.6ppts below 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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