US: Industrial activity remains solid – Nomura

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Analysts at Nomura note that the US industrial production increased a solid 0.7% m-o-m in April, mostly in line with their and market expectations (Nomura and Consensus: 0.6%), following an upwardly revised 0.7% gain in March (previously reported as a 0.5% gain). Key Quotes “The strength was broad-based across sectors, consistent with our view that […]

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