US: Industrial production to remain unchanged in Aug – HSBC

Sandeep Kanihama FXStreet Contributor

In view of analysts at HSBC, the US industrial production data could be volatile over the next several months as late in August, Hurricane Harvey created broad disruptions to economic activity along the Gulf Coast.

Key Quotes

“Refining activity and petrochemical production in the region were heavily disrupted. At the national level, however, the Bureau of Labor Statistics reported that hours worked increased solidly in August across many manufacturing industries. We expect that August industrial production was unchanged m-o-m.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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