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Industrial Production Growth Stabilizes At 7-Year Highs

Summary:
Industrial Production moved higher in April (+0.7% MoM) to a new record high - marginally above the Nov 2014 peak - but while year-over-year growth remains near 7-year highs, it did stop accelerating in April. Utilities rose 1.9% in April after rising 6.1% in March Mining rose 1.1% in April after rising 0.8% in March ...

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Industrial Production moved higher in April (+0.7% MoM) to a new record high - marginally above the Nov 2014 peak - but while year-over-year growth remains near 7-year highs, it did stop accelerating in April.

  • Utilities rose 1.9% in April after rising 6.1% in March

  • Mining rose 1.1% in April after rising 0.8% in March

  • Vehicle Production dropped 1.3% in April after rising 2.8% in March

Industrial Production Growth Stabilizes At 7-Year Highs

 

Manufacturing Production rose 0.5% in April (as expected) and Capacity Utilization rose to 78.0% - highest since March 2015.

Finally, the question is - will Industrial Production catch up, or Industrial Average catch down?

Industrial Production Growth Stabilizes At 7-Year Highs

 

 

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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