Analysts at TD Securities are expecting the US industrial production to advance at its strongest pace in four months, posting a 0.2% m/m gain in March.
Key Quotes
“Despite improving from consecutive declines in Jan-Feb, manufacturing activities should remain subdued during the month as suggested by lower employment levels in the sector (establishment survey). That said, we anticipate weak growth in the manufacturing sector to be offset by a firm 1.3% increase in the utilities sector and a minor gain in mining activities.”
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