U.S. INDUSTRIAL PRODUCTION GROWTH WEAKENS AGAIN, SURGES 0.4 PERCENT IN AUGUST

Highlights

• The industrial production growth rate went up by 6.1 percent month of June and by 3.5 percent in July

• Despite gains over the summer, industrial production stays 7.3 percent where it was pre-COVID

After bouncing back strongly in the months of June and July, the US industrial production slowed to a meagre surge of  0.4 percent in August. The growth rate was better in previous months whe....