US industrial production likely surged 0.2% m/m in April – Danske Bank

Research Team at Danske Bank, suggests that US industrial production figures for April are due today and they expect it to rose by 0.2% m/m in April.

Key Quotes

“The rebound in the ISM manufacturing index, indicating a rebound in the manufacturing cycle, has not yet been visible in the 'hard' production data, as manufacturing production has declined for two months in a row. Although manufacturing production figures are quite volatile on a monthly basis, we expect it rose 0.2% m/m in April as ISM was above 50, suggesting higher manufacturing activity.”