Good News On Production Is Overshadowed By The Yellow Caution Flag Of Flagging Real Retail Sales
June 18, 2024 at 11:45 AM EDT
Both total industrial production an its manufacturing component increased a sharp 0.9% in May. Even after downward revisions of -0.4% in March and -0.3% in April, both were still up 0.5% compared with where we thought we were one month ago.