The Dow Jones Industrial Average may have hit a new record high yesterday -- and briefly climbed above 14,000 -- but on the whole, yesterday's global economic data were mixed.
In the US, industrial production was up in June. MarketWatch reports:
U.S. industrial production rose 0.5% last month after falling a revised 0.1% in May, the Federal Reserve reported Tuesday. Read full Fed survey.
Capacity utilization rose to 81.7% in June, the highest level since last October, from a revised 81.4% in the previous month...
Manufacturing output rose 0.6% in June after remaining flat in May, due in part to a pickup in output of motor vehicles and parts...
Capacity utilization in manufacturing rose to 80.3% from 79.9%...
In a separate report issued Tuesday, the Labor Department said headline wholesale inflation eased in June, but core prices rose were up 0.3%.
However, the NAHB/Wells Fargo Housing Market Index fell to 24 this month, its lowest level since January 1991, from 28 in June.
Earlier in the day, Japan reported that its tertiary index fell 0.1 percent in May after climbing a revised 1.6 percent in April, raising concerns about waning consumer spending.
And in Germany yesterday, the ZEW index of investor and analyst confidence dropped to 10.4, the lowest since March, from 20.3 in June.
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