- Prior was +0.7% (revised to +0.9%)
- Capacity utilization 76.2% vs 76.2% expected (prior was 76.1%)
- Manufacturing output 0.0% vs +0.2% expected (+0.6% prior)
- Mining output +1.3% vs +0.2% prior
- Utilities -0.4% vs +2.2% prior
The revision to the prior makes this a better reading than it initially looked like. There was cyclical weakness in industry post-covid but it’s been helped along by tightness in petrochemicals during the war and that should pay some dividends. The tariff policy is a mess and autos are depressed but there is some reason to be optimistic going foward if the peace holds.
This article was written by Adam Button at investinglive.com.