-
US Industrial Production preview - Nomura
Analysts at Nomura offered their outlook for the day's data ahead in US Industrial production. Key Quotes: "We expect a steady 0.2% m-o-m increase in top-line industrial production in August (Consensus: 0.1%). Core (non-auto) manufacturing activity has been improving at a solid pace. According to the August employment report from the BLS, aggregate hours worked in the core manufacturing sector increased solidly by 0.6%, following a 0.3% increase in July. Further, various business survey data suggest continued healthy activity. These data point to strong growth in core manufacturing output. However, autos and auto ... (full story)