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Market Currents

Wednesday, September 16, 2009
9:17 AM TweetThis
  • August Industrial Production: +0.8% vs. consensus of +0.6%, the second straight monthly gain after July's 1% gain (revised up from +0.5%). Ex-auto, manufacturing was +0.4%. Capacity utilization rose to 69.6% from 69% - still 11.3 points below its historical average.
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This news story has 2 comments:

  •  
    Of course, this figure will be spun positively by the MSM. Essentially, Cap-U is back where it was in March-09, no better despite artificially low interest rates, Cash for Clunkers, and billions of dollars in deficit spending. Also interesting how the Fed's revisions always seem to be to the upside...
    Sep 16 09:24 AM | Link | Reply
  •  
    All these reported greenshoots have me absolutely giddy!!
    Sep 16 10:42 AM | Link | Reply
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