Good Month For Industrial Production, But Serious Questions Remain
Industrial Production rose sharply in April 2017, up nearly 1% month-over-month (seasonally-adjusted). It was the largest single month increase since February 2014 during the depths of the Polar Vortex. Steady contributions from the oil sector as well as a rebound (of sorts) in Motor Vehicle Assemblies added to the gains. Year-over-year, IP was up just 2.2% in April despite the [...]
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