IEF - Industrial Production May 2024: Strong Numbers Raise Questions
2024-06-19 11:59:48 ET
Summary
- Industrial production grew by +0.85% on a MoM basis. This was a strong rate of growth, exceeding the median forecast of +0.30%.
- This data contradicts other economic data that suggest that the U.S. economy has slowed down in April and May.
- While these data are hopeful, no clear trend has yet emerged in the industrial production data.
The Industrial Production and Capacity Utilization Report , corresponding to activity during the month of May 2024, was published by the U.S. Federal Reserve on June 18, 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 May 2024: Strong Numbers Raise Questions