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.

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