US Industrial Production Growth Disappoints In August After a surprisingly jump in July - following a surprising slump in June - analysts expected US industrial production to grow at a slower pace in August and it did. Headline industrial production rose 0.4% MoM in August, below the expected 0.5% rise and well below the 0.9% jump in July. This slowed the YoY rise in IP to below 6%... Source: Bloomberg Manufacturing production slowed even further, rising just 0.2% MoM; well below the expected 0.4% gain and the 1.6% jump in July... Source: Bloomberg US Industrial Production is back to pre-COVID levels here, while stocks are well above those levels... Source: Bloomberg All those stimmies... and we are back to breakeven on the US manufacturing sector... and The Fed is about to start tapering? Tyler Durden Wed, 09/15/2021 - 09:21