Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. industrial production likely to have picked up modestly in April, says Wells Fargo

The U.S. industrial production expanded in March, recording the second largest rise in over a year. But the growth was nearly entirely driven by a sharp rise in utilities output that reflected the return of more normal temperatures in March. Looking past the headline, manufacturing production dropped 0.4 percent year-on-year, breaking a six-month string of growth.

Markedly, motor vehicle and parts output dropped 3 percent as auto production declined. The softness was not just in autos, as drops were seen throughout most durable and nondurable subsectors. While the ISM manufacturing index dropped down again in April, the index continues to be at a still strong level that is consistent with projection.

According to a Wells Fargo research report, the industrial production is expected to have picked up modestly in April. A breakout in activity appears unlikely in the near term, but manufacturing output is expected to have grown slightly in April and is expected to have risen 0.4 percent.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 20 11:00 UTC Released

USMBA 30-Yr Mortgage Rate

Actual

4.04 %

Forecast

Previous

4.03 %

September 20 11:00 UTC Released

USMortgage Refinance Index

Actual

1497.8 %

Forecast

Previous

1636.8 %

September 20 14:00 UTC 6464m

USExisting Home Sales

Actual

Forecast

5.46 Mln

Previous

5.44 Mln

September 20 14:00 UTC 6464m

USExist. Home Sales % Chg

Actual

Forecast

0.3 %

Previous

-1.3 %

September 20 14:30 UTC 9494m

TRCentral Govt Debt Stock*

Actual

Forecast

Previous

817.1 Bln TRY

September 20 15:30 UTC 154154m

BRForeign Exchange Flows*

Actual

Forecast

Previous

-1.251 Bln USD

September 21 08:30 UTC 11741174m

GBPSNB, MM GBP

Actual

Forecast

Previous

-0.76 Bln GBP

September 21 08:30 UTC 11741174m

GBPSNCR, MM GBP

Actual

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC 11741174m

GBPSNB Ex Banks GBP

Actual

Forecast

7.100 Bln GBP

Previous

-0.184 Bln GBP

September 21 12:00 UTC 13841384m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.