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US: Manufacturing rebounds but weaker activity expected through the rest of the year - ING

1 month ago   |   By FXCM

Manufacturing output in the United States bounced more than expected in August, but the combination of weaker global growth, a strong Dollar and trade tensions are huge headwinds that will result in weaker activity through over the next months, explained James Knightley, Chief International Economist at ING.
Key Quotes:
After a pretty tough period, US manufacturing posted a stronger-than-expected 0.5% month-on month gain in August. The details show broad improvements, led by machinery and fabricated metals, but auto output fell 1%.”
“It is a rare piece of good news for the manufacturing...
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