Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Justin had the data posted yesterday here:
New credit creation was at its slowest since February of 2020 in July. July can sometimes be a seasonally weak month after a rush each June when banks increase lending at the end of the second quarter.
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