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17.12.2019, 11:20

U.S. industrial production likely surged in November – TDS

Analysts at TD Securities suggest the U.S. industrial production likely surged in November, due largely to a rebound in auto production following the end of the GM strike (TD 1.0%; consensus 0.8%).

  • “Weather-related strength in utilities probably contributed to the surge as well. We estimate manufacturing output rose 1.1% m/m, with non-auto manufacturing flat. Separately, we expect housing starts to add 1,355k units in November - just below its recent high - as the housing sector continues to benefit from low-interest rates and still solid consumer fundamentals.”

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