FXstreet.com (San Francisco) - "Industrial production may have registered consecutive months of growth for the first time since February, expanding by 0.5% in July," says the RBS analyst team according to a recently published report. "However, the composition of growth may have been somewhat less favorable than it was in June."
"Manufacturing output probably expanded for the second straight month, but at a more moderate pace than in June," points RBS. "During July, the manufacturing ISM index’s production component held essentially steady at 51.3 (indicating modest expansion) while aggregate hours worked in manufacturing expanded moderately (by 0.2%, vs. June’s 0.3%)."
On the manufacturing side, RBS believes "that factory production cooled from June’s robust 0.7% month-over-month gain to a still-healthy 0.4% rise during July."
"Capacity utilization may have risen in July from 78.9% to 79.2%," concluded the bank.
"Manufacturing output probably expanded for the second straight month, but at a more moderate pace than in June," points RBS. "During July, the manufacturing ISM index’s production component held essentially steady at 51.3 (indicating modest expansion) while aggregate hours worked in manufacturing expanded moderately (by 0.2%, vs. June’s 0.3%)."
On the manufacturing side, RBS believes "that factory production cooled from June’s robust 0.7% month-over-month gain to a still-healthy 0.4% rise during July."
"Capacity utilization may have risen in July from 78.9% to 79.2%," concluded the bank.
