The US is accelerating down the recovery road

Strong industrial production data out of the US is a sure signal the world’s biggest economy is recovering and well placed for growth in 2015.

There was more good economic news coming out of the US overnight, with industrial production surging and capacity utilisation closing in on its pre-crisis levels. It provides further evidence that the US economy maintained its momentum after the Federal Reserve finished its asset purchasing program and indicates that the economy is well placed to begin 2015 on a strong note. 

Industrial production rose by 1.3 per cent in November, easily beating expectations, to be 5.2 per cent higher over the year. In the past three months, production has increased by 2.2 per cent and is now 5.9 per cent above its pre-crisis peak.


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