US Industrial Production Unexpectedly Jumped In April Despite a bloodbath in regional Fed manufacturing surveys, US industrial production and manufacturing activity jumped (unexpectedly) in April. Headline Industrial Production rose 0.5% MoM in April (up from the 0.5% MoM rise in March and well ahead of the 0.0% change expected). However, on a YoY basis, industrial production remain languishing around unchanged Source: Bloomberg Additionally, after a 0.8% MoM decline in March... Read this story
