Industrial production beats estimates, rising from a year earlier the most since September 2022, as manufacturing rebounds from August’s dip and utility output jumps to a record high led by electricity.
Retail sales rose 0.8% versus a 0.3% estimate, but gas stations were over 70% of that gain while the GDP-linked control group missed and Census’s annual revision cut sales levels by about 4.5%.
August’s Chicago Fed National Activity Index matched expectations, with the three-month average — the report’s key signal — signaling slightly above trend growth.
What will the change in stance to a ‘hawkish hike’ by central banks around the world mean for equity markets?
Core retail sales at the strongest since 2024 will be a boost to Q3 GDP estimates and should alleviate concerns about consumer spending.
Flash August PMI data, waiting for Bessent, Ross Stores, and other headlines are moving the market this morning.
Let’s discuss the latest out of the Middle East and break down May Manufacturing PMI.
