-
US: June Industrial Production / Capacity Utilization
Industrial production continued to grow at a slower pace in June, posting a modest 0.1% gain. Looking at the details, the largest positive contributions came from mining and utilities, which both rose 0.4%. Gains in mining output were driven by both oil and gas extraction and drilling activity, which more than offset a decline in other mineral extraction. Notably, mining output is up at a rapid 12.1% annualized rate in the last three months, an encouraging sign that US energy companies may finally be ramping up output as supply disruptions continue in the Middle East. Meanwhile, utilities output (which is volatile ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From tradersunion.com | 23 hr ago
As reported by The Block, citing Bloomberg, Senior ETF Analyst Eric Balchunas says bitcoin exchange-traded funds may be tracing a pattern similar to gold ETFs, with rapid gains followed by declines and long periods of stagnation. He argues that both products package non-yielding stores of value that generate no cash flow, leaving prices and fund demand ...
Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...
Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict). And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 ...
- Story Stats
- Jul 18, 8:47am | 1 hr 50 min ago Posted byFundamental Analysis555
- Linked events:
- 6 traders viewing now, 2 are registered:
