We are seeing yet another encouraging economic indicator out of the US today. Surpassing the consensus estimate of 0.4%, industrial production for September experienced a solid expansion of 0.7%. This excellent news follows right behind the robust retail sales and labor market figures that were published yesterday.
On a related note, we also saw a greater-than-anticipated jump in September import prices today, which came in at +1.1%. This development clearly echoes the underlying message of the hot CPI and PPI reports released earlier this week.
#economy #markets #growth #inflation
On a related note, we also saw a greater-than-anticipated jump in September import prices today, which came in at +1.1%. This development clearly echoes the underlying message of the hot CPI and PPI reports released earlier this week.
#economy #markets #growth #inflation