Read the story here. Advertise at Before It's News here.
Profile image
By Freedom Bunker
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

US Industrial Production Unexpectedly Tumbles In June

% of readers think this story is Fact. Add your two cents.

US Industrial Production Unexpectedly Tumbles In June

Despite ISM surveys tanking, analysts expected US Industrial Production to eke out a 0.1% gain in June but they were wrong as output slumped 0.2% MoM (and May was revised lower also). There hasn’t been a weaker month since September 2021…

Source: Bloomberg

Only mining (+1.7% in June after rising 1.2% in May) kept the headline industrial production print positive.

Utilities fell 1.4% in June after rising 1.9% in May.

Manufacturing output fell 0.5 percent in June, with decreases for durable and nondurable manufacturing of 0.3 percent and 0.8 percent, respectively. Within durable manufacturing, declines of more than 1 percent in primary metals, machinery, and motor vehicles and parts outweighed gains of more than 1 percent in miscellaneous manufacturing and in electrical equipment, appliances, and components. Within nondurable manufacturing, every group except for two posted a decline of at least 0.8 percent; apparel and leather recorded a gain of 2.5 percent, while chemicals registered a dip of 0.1 percent. The index for other manufacturing (publishing and logging) moved down 0.2 percent.

Manufacturing output slipped for the second straight month…

Source: Bloomberg

Capacity utilization fell to 80% from 80.3% in May, revised down from 80.8%

Source: Bloomberg

Finally, it seems that the market has caught back down to the economy once again…

Source: Bloomberg

Still think the economy can handle a 100bps hike?

Tyler Durden Fri, 07/15/2022 – 09:20

Read More…


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Humic & Fulvic Liquid Trace Mineral Complex

HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.

Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...


It Always Tests at 9.5+ pH

Preservative and Chemical Free

Allergen Free

Comes From a Pure, Unpolluted, Organic Source

Is an Excellent Source for Trace Minerals

Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents

Highly Conductive/Full of Extra Electrons

Is a Full Spectrum Complex

Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.

Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.