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Worth noting Agenda Tue, Nov 17 ET 9:15 AM pre-market 1 min read
Industrial production measures changes in the volume produced by manufacturing, mining and utilities, not sales dollars or orders. The previous monthly increase was 0.7%; no estimate is supplied for October. Stronger manufacturing surveys and rising factory orders now leave a concrete question: are businesses actually producing more?[1]
Last release 0.7%
Check whether manufacturing output strengthens broadly rather than the headline being driven by utilities or mining. Strong factory production would support business expectations for materials, component and industrial suppliers; weakness would make order-to-revenue timing less certain. If extra output eases shortages, downstream buyers may benefit while suppliers lose some pricing power. Follow capacity use and company margins to see whether more production becomes more profit.[1]