Industrial Production Beats Expectations, But There Was A Big Downward Revision To Last Month

Siemens factory automation

Photo: YouTube/Siemens

UPDATE:

Decent beat!

Industrial production grew 0.6% in July.

That compares to a downwardly revised 0.1% gain last month.

Capacity utilization is up to 79.3%, a bit ahead of expectations of 79.2%.

So, decent number, but mitigated a bit by last month’s downward revision.

Markets are flat on the day.

—–

Next big datapoint of the day: July Industrial Production and Capacity Utilization.

Analysts expect industrial production to rise by 0.5% vs. last month’s 0.4% gain.

Capacity Utilization is expected to rise by 79.2% from 78.9%.

We’ll have the number here LIVE at 9:15 AM ET.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.