U.S. industrial production lifted by a rebound in utility output - ING
14.06.2019, 13:56

U.S. industrial production lifted by a rebound in utility output - ING

James Knightley, the Chief International Economist at ING, notes that a rebound in utility output has helped lift U.S. industrial production while manufacturing output has risen for the first time in five months thanks to car production.

  • "US industrial production rose 0.4% month on month in May, beating the market prediction of 0.2% thanks primarily to a 2.1% bounce in utility output. Mining rose just 0.1%MoM while manufacturing posted a 0.2%MoM gain – the first rise since December. Within manufacturing, vehicle production led the way, rising 2.4%. Strip this component out and manufacturing would have been flat on the month.
  • While it is better than predicted, the US-China trade uncertainty is clearly weighing on the sector. These tensions and the worries about what protectionism might mean for company supply chains, costs and profitability run the risk that manufacturing firms sit on their hands and stop investing and hiring new workers. Moreover, we have to remember that manufacturing still hasn’t recovered all the output lost through the recession - output remains 4.6% below the peak level in 2007.
  • We see little prospect of trade tensions easing in the near-term, so the headwinds for manufacturing will continue. The Federal Reserve looks set to embark on some precautionary policy stimulus by cutting interest rates which will help the sector.
  • But with weakness here being more than offset by the fact consumers are still willing to spend, we suggest 50bp of rate cuts is more likely this year than the 100bp currently priced by markets."


© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik