Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. industrial production likely to have grown in February

The U.S. industrial production data for the month of February is set to release tomorrow. According to a Wells Fargo research report, the industrial production is likely to have risen 0.5 percent in the month, following the decline seen in the January.

The manufacturing sector has lost momentum. In 2018, industrial production rose in nine out of 12 months but started 2019 with a fall of 0.6 percent. Utilities and mining recorded a gain of 0.4 percent and 0.1 percent, respectively, but were offset by the 0.9 percent fall in the manufacturing category. The softness was most pronounced in motor vehicles and parts, which dropped 8.8 percent, marking the largest one-month fall in auto production since the recession in 2009.

“We may see some bounce here in February, but there are not a lot of reasons to be optimistic about manufacturing in general. The ISM index is lower on trend in recent months and core capital goods orders and shipments have both been spotty at best”, added Wells Fargo.

At 18:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at -17.263 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

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

2019-04-22 03:28:02
0m

April 22 03:30 UTC Released

THBased Trade Data

Actual

2 1.76

Forecast

1.28 1.76

Previous

4.03 1.76

April 22 03:30 UTC Released

THBased Import Data

Actual

-7.63 13.7

Forecast

-2.95 13.7

Previous

-10.03 13.7

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654437654437m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654437654437m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642617642617m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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