The Democrats are DEAD and they realize there is absolutely NOTHING they can do to stop the number ONE issue for voters (Economy/Jobs)!
The data from today’s Industrial Production report solidifies the Rust Belt (soon to be called the Trump Belt). Manufacturing is starting to takeoff in the good old USA!
From the article linked above:
The Federal Reserve said industrial production rose 0.7% in April, slightly beating the consensus forecast and posting gains for the third consecutive month.
Mining, which has been the strongest component in the report, once again leads the way with a 1.1% increase for the month. That puts the year-on-year volume gain for mining output at 10.6%.
Production of consumer goods is close behind with a 0.9% gain.
Manufacturing production rose 0.5% in April to beat the consensus forecast by 0.2. That comes despite the 1.3% drop in vehicle production and puts the year-on-year in manufacturing output is up 1.8%.
Worth noting, volumes in business equipment rose 1.2%, which indicates a strong second-quarter for business investment.
Utilities is also very positive at a gain of 1.9%, making the yearly gain for utilities 6.0%.
Construction has not been phased by tariffs, as construction supplies rose 0.3% in the month.
The Atlanta Federal Reserve released their latest forecast this morning for the 2nd Quarter real GDP. It remains at 4.1%. We are heading towards a 2nd Quarter that at the very least will come in at 4.0% and may actually reach 5%.