Top Insights
- Prior was +0.6% (revised to +0.3%)
- Manufacturing output -0.3% vs -0.2% expected
- Prior manufacturing output +0.4% (revised to 0.0%)
- Capacity utilization 77.8% vs 78.5% expected (78.8% prior)
This is on the cool side and combined with the Philly Fed today raises some questions about the industrial side of the economy, though I’m reminded that hurricane effects could be behind the July drop.
This article was written by Adam Button at www.forexlive.com.
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