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Industrial Production MoM climbed to 4.7 in March 2026, up 5.9 from February's -1.2 reading. The print exceeded the 3.9 consensus by 0.8. The print is running well above the 12-month average of -0.32. Over the past 3 months, Industrial Production MoM averaged -0.95, vs 0.65 in the prior 3-month window. The reading is in the 64th percentile of the trailing 24-month range.
The April 2026 reading rose from the previous value of -1.2. Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU).
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