US Manufacturing Production Lower YoY For 6th Straight Month, As Automaker Output Plunges
September 15, 2023 at 09:24 AM EDT
After surging in July, US Industrial Production was expected to rise very modestly (+0.1% MoM) in August. Instead, despite signals from ISM surveys that the industry is in contraction, industrial production rose 0.5% MoM. That surprise pulled orders up 0.25% YoY… Source: Bloomberg In August, the drop in the output of motor vehicles and parts […] Source
