IND - Industrial Production In June 2024: Another Win For Soft Landing
2024-07-17 11:30:00 ET
Summary
- The U.S. Federal Reserve released June 2024 Industrial Production data, showing +0.64% growth, surpassing forecasted +0.30%.
- Industrial production has accelerated significantly in the past three months, from well-below average growth to well-above average growth.
- The soft-landing scenario is strengthened by the apparent stabilization of this important sector.
- Strong industrial production growth reduces any plausible urgency for rate cuts.
The Industrial Production and Capacity Utilization Report , corresponding to activity during the month of June 2024, was published by the U.S. Federal Reserve on July 17, 2024, at 9:15 AM. This report is widely considered to provide some of the best indicators of the production of goods in the U.S. economy that are available at a monthly frequency....
Industrial Production In June 2024: Another Win For Soft Landing