The 0.3% m/m decline in manufacturing output in April , together with the downward revision to the March gain, from 0.5% to 0.2%, continues the run of weaker activity data and will further solidify expectations for the Fed to cut interest rates in September.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services