- Industrial production in US was surprisingly weak in September, falling a hefty 1.3% vs. the previous month – far below Econoday.com’s consensus point forecast for a moderate 0.2% rise.
- The recent weakness trims the trend’s strength, but the current industrial expansion is still far ahead of rebounds in previous expansions since 1970.
- Forecasts should be viewed cautiously, of course, particularly the further out in time the estimates run. As such, growth is likely to persist in the near term, but risk is on track to rise.
For further details see:
Is Weak U.S. Industrial Output Flashing A Warning Sign?