US: Industrial Production to post 0.2% increase for May - TDS

Analysts at TDS are looking for US IP to post an on-consensus 0.2% m/m increase, with manufacturing output unchanged on the month.

Key Quotes

“Empire manufacturing will give the first glimpse at regional economic conditions for June and the market is looking for a modest decline to 18.8 from 20.1.”

“Preliminary University of Michigan sentiment for June rounds out the data calendar and the market looks for a slight increase to 98.5.”

“We will also hear from Dallas Fed President Kaplan at 15:30 ET who will be one of the first officials to make public comments since the June FOMC.”