Production Surprises on Upside

Good news reported by Mesirow Financial, Inc.

Industrial production rose an eye-popping 1.2% in May, after increasing 0.7% in April. Increases were broad-based with the exception of mining, which declined in response to the oil crisis in the Gulf.

Everything from a re-stocking of inventories (which were drawn down to exceedingly low levels during the recession) to warmer-than-usual weather (which triggered increased demand for air conditioning and utilities) to strong exports are supporting the gains in production.

No comments:

Post a Comment