Industrial production in the States bounced back last month after two months of flat output, driven by a rebound in factory activity. According to the Department of Commerce, in seasonally adjusted terms, total production grew at a month-on-month clip of 0.5% (consensus: 0.4%). However, the rise in industrial production for the previous two months was revised down by two and four tenths of a percentage point, respectively, to flat. By major industry groups, manufacturing rebounded by 1.0% on the month after a 0.8% drop in March. But February and March's increases were both revised down by three tenths of a percentage ... (full story)