No slowdown in the industrial sector is seen in Friday’s numbers according to analysts at Wells Fargo. They highlight manufacturing output rose 1.0% in December. Key Quotes: “Spending may be cooling as the latest wave of COVID coincided with fading fiscal support last year, but the industrial sector remains relatively insulated. Industrial production shot up 1.6% in December, in part due to a 6.2% jump in utilities, but more notably a better-than-expected 1.0% increase in manufacturing.” “Gains were widespread, with motor vehicles a notable exception. Yet autos still had a solid 2020, with production up 3.6% yr./yr.” “With retail sales falling and production rising, inventories are recovering after being wiped out earlier in 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Kashkari: We can get back to 2% inflation under new framework FX Street 2 years No slowdown in the industrial sector is seen in Friday’s numbers according to analysts at Wells Fargo. They highlight manufacturing output rose 1.0% in December. Key Quotes: “Spending may be cooling as the latest wave of COVID coincided with fading fiscal support last year, but the industrial sector remains relatively insulated. Industrial production shot up 1.6% in December, in part due to a 6.2% jump in utilities, but more notably a better-than-expected 1.0% increase in manufacturing.” “Gains were widespread, with motor vehicles a notable exception. Yet autos still had a solid 2020, with production up 3.6% yr./yr.” “With retail sales… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
