US Industrial Production Starts 2016 On The Right Foot
Industrial production in January increased by a very unexpected 0.9% in January. This was well above expectations as analysts were expecting a 0.4% MoM increase according to Bloomberg. Industrial production was helped by a 2.8% increase in vehicle production. So while the overall year-over-year change in industrial production is still negative at -0.7%, the manufacturing portion of industrial production is increasing again and is 1.23% higher than a year ago.
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More
Perhaps even more important than the fact that manufacturing is growing, capacity utilization surprised to the upside in January as well. Capacity utilization jumped from 76.5% to 77.1%. It was the largest 1-month increase since December 2010. Economic utilization (capacity utilization minus unemployment rate) increased 0.8% which is the largest jump since December 2010 as well.