{"id":1471834,"date":"2024-06-18T13:32:30","date_gmt":"2024-06-18T17:32:30","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1471834"},"modified":"2024-06-18T13:32:30","modified_gmt":"2024-06-18T17:32:30","slug":"us-industrial-production-surges-in-may-biggest-mom-jump-since-jan-2023-as-ism-tumbles","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-industrial-production-surges-in-may-biggest-mom-jump-since-jan-2023-as-ism-tumbles\/1471834\/","title":{"rendered":"US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>US Industrial Production surged 0.9% MoM in May (triple the 0.3% MoM expected\u00a0 and well up from the unchanged MoM print in April). <strong>That is the biggest MoM jump since Jan 2023 and lifted the YoY print to +0.39%&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmBB86.jpg?itok=71JiqpIU\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>That is the biggest beat of expectations since July 2023 (and above all estimates)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm999A_0.jpg?itok=y7plj2eI\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>Manufacturing\u00a0output\u00a0also climbed 0.9%<\/strong>, led by consumer goods, after a revised 0.4% April decrease, lifting the YoY change in manufacturing output 0.1% YoY&#8230;.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmBB86_0.jpg?itok=TjfXKoa7\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Capacity Utilization picked up also to 78.7% (better than expected)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm1065_1.jpg?itok=paB3U4ti\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>The figures stand in contrast to other data showing manufacturing has had difficulty building momentum amid elevated input prices, inconsistent consumer demand and high borrowing costs. <strong>The Institute for Supply Management\u2019s latest measure of factory activity\u00a0shrank in May\u00a0at a faster pace as a gauge of output came close to stagnating.<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm2665_1.jpg?itok=3CqpVCiz\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>Now we wait for the downward revisions&#8230;<\/strong><\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Tue, 06\/18\/2024 &#8211; 09:32<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/economics\/us-industrial-production-surges-may-biggest-mom-jump-jan-2023-ism-tumbles\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/economics\/us-industrial-production-surges-may-biggest-mom-jump-jan-2023-ism-tumbles<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles US Industrial Production surged 0.9% MoM in May (triple the&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1471835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1471834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1471834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1471834"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1471834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1471835"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1471834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1471834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1471834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}