US Industrial production rose 0.1% MoM in August (better than the small 0.1% MoM decline expected) and a modest rebound from July’s weakness. YoY growth in production dipped to 0.9%…
Source: Bloomberg
On the Manufacturing side, data also surprised to the upside with a 0.2% MoM gain versus expectations of a 0.2% decline.
Source: Bloomberg
Mining output grew 0.9 percent in August after falling 1.5 percent in July.
In August, the index for utilities decreased 2.0 percent, as a 2.3 percent decline in the output of electric utilities more than offset a 0.2 percent increase in the output of natural gas utilities…
Source: Bloomberg
We have a question though… if AI is so successful (as proxied by the stock prices of AI companies), then why isn’t demand for electricity (from Utilities) soaring?
Source: Bloomberg
But,on the darker side of the ledger, Capacity Utilization continues to trend lower…
Source: Bloomberg
So much for the tariff terror’s impact on American manufacturing…
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