April Industrial Production Rose 1%

Some good news for the economy in Q2. This morning, the Federal Reserve said that industrial production rose by 1% last month. That’s the biggest gain in two years. Wall Street had been expecting an increase of 0.4%.

The industrial sector is slowly getting back on its feet after a pullback during much of 2015.

The Atlanta Fed’s GDPNow forecast for Q2 is currently at 4.1%. I had thought that was very high, but in light of today’s report, maybe not.

Posted by on May 16th, 2017 at 11:35 am

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