USA Industrial Production Update

Industrial production in the US increased by 0.1% in May, missing expectations. However, Goldman Sachs raised its Q2 GDP forecast to 2.4% due to stronger-than-anticipated utility output data.

Key Takeaways

• 1.Industrial production rose 0.1% in May, missing consensus expectations.
• 2.Goldman Sachs boosted its Q2 GDP tracking estimate by 0.1pp to +2.4% due to firmer utilities data.

Table of Contents

• BOTTOM LINE
• US MAP
• KEY NUMBERS
• MAIN POINTS
• Disclosure Appendix

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