Industrial production grew at a slower rate in February as utility outputs dropped back down from an unusually cold January. Manufacturing took the driver seat on the month, despite a sharp drop in auto production. The top line for production activities remained solid at 0.5% increase month-over-month, ... READ MORE >
production
US data deluge: cold cup of coffee on a sunny summer day
This morning’s data deluge provided a perfect snapshot of the U.S. economy at the current time. A robust consumer, driven by strong real compensation in the first quarter of the year, continued to prop up the American economy, even as the domestic manufacturing sector contracted by 0.5% on a year-ago ... READ MORE >