US Industrial Production Disappoints In April As Carmakers Crumbled

May 14th 2021 9:23am EDT

US Industrial Production Disappoints In April As Carmakers Crumbled After a surprisingly large upward revision for March (from +1.5% MoM to +2.4% MoM), April’s Industrial Production rose 0.7% MoM (less than the +0.9% expected). Source: Bloomberg Of course, thanks to the collapse comps, industrial production surged over 16% YoY. Drilling down, Manufacturing output rose 0.4% […]

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