The continued mix picture that is the US economy
US industrial production was weak, falling .5% m/o/m vs the estimate of no change and May was revised lower by 3 tenths to also a .5% drop. Manufacturing softness was the main reason as production shrunk by .3% m/o/m and May was revised down by 3 tenths to a fall of .2%. After strength seen in April and May, auto production fell by 3% m/o/m and just may…
Keep reading with a 7-day free trial
Subscribe to The Boock Report to keep reading this post and get 7 days of free access to the full post archives.