US: Industrial production in focus - TDS

Analysts at TD Securities are looking for growth in the US industrial production to have come in flat for February following a sharp 0.6% m/m decline (consensus: +0.4%).

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“In particular, we expect a 0.2% m/m drop in manufacturing activities to have acted as a major headwind against IP growth during the month. Additionally, the market expects improvements in both the Empire Manufacturing survey and in UMich's sentiment index for March. On the latter, 5-10 year inflation expectations will be of particular importance given its recent drop to all-time lows.”