Tuesday, June 11, 2013
Industrial production edges higher
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The April industrial production figures do not look up to much but are probably better than they seem. Overall industrial production edged up by 0.1% between March and April, while manufacturing slipped by 0.2%. However the previous two months had been strong, particularly for manufacturing, so these figures show a rise of 0.8% in industrial production in the latest three months compared with the previous three, with manufacturing 0.5% higher.

In terms of the second quarter GDP arithmetic, April industrial production was 0.9% higher than its Q1 average, while manufacturing was 0.7% up. Not a bad start. More details here.