US output, capacity usage rises from depths; undershoots forecasts

16 June 2020

 

Summary: US output recovers a little; gain less than expected; figures just under April numbers before revisions; capacity usage increases modestly.   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. Figures...

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