No Rebound in Manufacturing: "Surprisingly Weak" Industrial Production Numbers; How Long Can Auto Sales Hold Up?
MishTalk
JUNE 15, 2015
Following the rebound in consumer spending (heavily weighted to subprime auto sales), economists expected a rebound in Industrial Production. All the main numbers in today's industrial production report are below low-end forecasts with the headline at minus 0.2 percent which is the lowest rate since January 2014.
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