Another day, another multi-year high in domestic data #accelerating.
Take a look below. US Industrial Production (IP) accelerates to a 3-year high at +2.9% year-over-year (y/y) growth with industrial activity normalizing in October after the hurricanes suppressed activity in August and September.
Following this (as well as yesterday’s US Retail Sales report of +4.6% y/y growth in OCT) our predictive tracking algorithm for US Real GDP growth here in 4Q17E ticks up to +2.49% YoY/+2.66% QoQ SAAR.
To data dependence,
KM
