US Industrial Production data mildly disappointing - ING

By FXstreet.com | July 16, 2014 AAA

FXStreet (Łódź) - James Knightley from ING finds the US June industrial production numbersnot as positive as hoped.



Key quotes



"US industrial production rose 0.2% MoM in June, a touch lower than the 0.3% consensus expectation, while May’s initial 0.6% MoM reading was revised lower to 0.5%."



"This is a mildly disappointing outcome, but shouldn’t have much of a market impact."



"In any case, we expect to see stronger numbers in the months ahead."



"After all, the ISM manufacturing report is at very healthy levels that have historically been consistent with GDP growth of 3% or so, while manufacturing payrolls have been rising consistently and order books look in good health."



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