U.S. industrial production improved ‧ inflation unchanged
U.S. industrial production increased by 0.4 percent in June, better than expected, manufacturing sector is pushing up economic growth. Compare to last year industrial production increased by 4.7 percent in June, second quarter of industrial production increased by 1.4 percent, worse than 9.8 percent in the first quarter.
The consumer price index (CPI) was flat in June, means that inflation is possible as the Fed expectation to continue to reduce. With the same period last year, CPI increased by 1.7 percent in June, same as increase in May; the core CPI rose 2.2%, in line with economists' expectations, and below 2.3% in May.
U.S. industrial production increased by 0.4 percent in June, better than expected, manufacturing sector is pushing up economic growth. Compare to last year industrial production increased by 4.7 percent in June, second quarter of industrial production increased by 1.4 percent, worse than 9.8 percent in the first quarter.
The consumer price index (CPI) was flat in June, means that inflation is possible as the Fed expectation to continue to reduce. With the same period last year, CPI increased by 1.7 percent in June, same as increase in May; the core CPI rose 2.2%, in line with economists' expectations, and below 2.3% in May.