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-0.000729660707770815 0.000938135195705461 -0.00218898212331259 -0.00192838901339451 -0.00656694636993793 -0.00568092979621621 -0.00578464585396353 -0.00469067597852716
Stock impact report

4 Stocks to Buy on Solid Rebound in Industrial Production [Yahoo! Finance]

Applied Industrial Technologies, Inc. (AIT) 
Last applied industrial technologies, inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.applied.com/home
Company Research Source: Yahoo! Finance
Production at U.S. factories increased in May although demand for goods remained soft. The Federal Reserve said that manufacturing output jumped a solid 0.9% in May from a downwardly revised 0.4% drop in April, making up for the declines in the past two months. May's jump was triple the expectations of economists, who had forecast a rise of 0.3%. On a year-over-year basis, production at U.S. factories rose 0.1% in May. Also, capacity utilization for the industrial sector, which measures the extent to which firms are utilizing their resources, increased to 78.7% from 78.2% in April. Manufacturing accounts for 10.4% of the economy but the sector has been hit hard by higher borrowing costs and softening demand. The Federal Reserve increased interest rates by 525 basis points since March 2022 to take its benchmark policy rate in the range of 5.25-5.5% to bring down 40-year-high inflation. Inflation has declined sharply but remains above the Fed's 2% target. Moreover, inflation ros Show less Read more
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