Photo: By S1m0nB3rry on Flickr
Not a total collapse.
Growth of 0.9% was the fastest this year, well surpassing the 0.5% analysts had expected.
Capacity utilization grew from 76.7% last month to 77.5%
Also worth noting: data from the previous month was revised higher.
Huge sigh of relief there that at least this number wasn’t a total disaster.
Pre-market futures are still sharply lower, though up from where they were earlier.
Original post: Following that ugly German GDP report, this is the #1 most important report of the day…
Industrial production is expected to have grown 0.5% in July vs. 0.2% last month.
Capacity utilization is expected to have grown 77% from 76.7%.
If we hit these numbers, that will be reassuring, given how bad some of the recent data has been.
The numbers come out at 9:15 AM.
We’ll have it then.