US Industrial Production for July
A shallower than average drawdown in industrial production for July provides a bit of optimism for the health of the manufacturing economy in this summer month, but we must take the data with a grain of salt given the volatility that can surround this average factory closure period.
The change in industrial production in the US declined by 0.8% (NSA) in July, which was around half of the 1.4% drawdown that is average for this time of year.
Read further insight and the investment implications in our regular report on US Industrial Production
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