Free Trial

May Industrial Production Preview - 09:15...>

US DATA
US DATA: May Industrial Production Preview - 09:15 EDT/14:15 BST
---------------------------------------------------------------
- May industrial production is expected to rise by 0.2% based on both the
Bloomberg consensus and MNI survey of analysts following a 0.5% decline in
April. Capacity utilization is expected to tick up to 78.0%.
- There is a strong tendency to overestimate both industrial production and
capacity utilization in May, so a downside surprise is possible.
- A rebound in utilities production after a 3.5% plunge in April is expected to
be the key factor in the headline increase. Electricity usage, which fell on
weather issues in April, should be up solidly. Mining production is expected to
decline slightly.
- Manufacturing production has the potential to be weak, given the ISM readings
and the modest manufacturing jobs increase.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.