Silver as an investment

Industrial Production Surges Most Since Feb 2014 As Auto Assembly Spikes

zerohedge.com / by Tyler Durden / May 16, 2017 9:29 AM

Industrial Production rose 0.96% in April – the biggest MoM move since Feb 2014 – dramatically better than expected (and one of the first ‘hard’ data beats this month). Year-over-year, IP is up over 2% (the fastest growth since Jan 2015).

The increase in durables was spearheaded by a large advance for motor vehicles and parts, while the improvement for nondurables was led by gains for food, beverage, and tobacco products, for textile and product mills, for printing and support, and for chemicals.

What is most ironic is the 5.1% surge in Automotive production – we suspect that will not be sustained (given Ford’s massive layoffs). Ex-Autos IP rose just 0.6%.

READ MORE

The post Industrial Production Surges Most Since Feb 2014 As Auto Assembly Spikes appeared first on Silver For The People.