US Industrial Production Unexpectedly Jumped In April

Despite a bloodbath in regional Fed manufacturing surveys, US industrial production and manufacturing activity jumped (unexpectedly) in April. Headline Industrial Production rose 0.5% MoM in April (up from the 0.5% MoM rise in March and well ahead of the 0.0% change expected). However, on a YoY basis, industrial production remain languishing around unchanged… Source: Bloomberg […] Source
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