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Here Comes Industrial Production...

Jul 16, 2013, 18:25 IST

REUTERS/Jim YoungA worker assembles a pinball machine at Stern Pinball in Melrose Park, just outside Chicago, Illinois, July 10, 2013. According to Stern Pinball, they are the only makers of arcade quality pinball machines in the world and produce about 10,000 machines annually, which are shipped all over the world.At 9:15 p.m. ET, we'll get the June stats for U.S. industrial production.

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Economists estimate that production grew 0.3% after stagnating in May.

"In June, production seems to have bounced back slightly," said Wells Fargo's John Silvia.

"The ISM manufacturing index jumped above the crucial 50 threshold again, with the production subcomponent posting a solid gain. However, a large drop in the Chicago PMI and no growth in average weekly hours for production workers indicate that the rise in industrial production will be subdued. In addition, a weaker global economy coupled with a stronger greenback weigh on foreign demand of American-made products."

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