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Manufacturing Production MoM

Name: Manufacturing Production MoM
Creator: TipRanks

The 'Manufacturing Production MoM' in the USA measures the month-over-month change in the output of the manufacturing sector, which is a key component of industrial production. It is significant because it provides insights into the health of the manufacturing sector, which is a vital part of the overall economy. A rise in manufacturing production typically signals economic growth and can positively impact financial markets, while a decline may indicate economic slowdowns. Investors and policymakers closely monitor this indicator to assess economic conditions and make informed decisions.