US Daily Commentary

研报英文原文证据摘录

US Daily Commentary

Global Markets Research

15 June 2026US Daily Commentary

Economics - North America

Research Analysts

Review & Preview North America Economics

Review Aichi Amemiya - NSI aichi.amemiya@nomura.com

Iranwarupdate: President Trump announced a frameworktoendthewarwithIran, +1 212 667 9347

scheduled to be signed on 19 June in Switzerland. The framework includes a 60-day Jeremy Schwartz - NSI

ceasefire, an end to the fighting between the US and Iran and Israel and Lebanon, and jeremy.schwartz@nomura.com

reopening of the Strait of Hormuz. Key points of disagreement, such as Iran’s nuclear +1 212 667 9637

program and sanctions, have not been resolved. Ruchir Sharma - NSI

Industrialproduction: Industrial production inched up by 0.1% m-o-m in May, falling ruchir.sharma@nomura.com

+1 212 667 9186short of expectations (Consensus: +0.3%, Nomura: +0.2%). Details were also weak.

Excluding volatile utilities (-0.4%) and mining (+1.3%), manufacturing production was flat Jacklyn Goloborodsky - NSI

in May following a 0.7% advance in April. Although durable goods manufacturing jacklyn.goloborodsky@nomura.com

production continued to rise by 0.8% m-o-m in May after 1.1% in April, non-durable goods +1 212 298 4739

manufacturing production unexpectedly declined by 0.9% m-o-m, led by declines in Global Economics

chemicals and petroleum & coal products. Some weakness in chemicals/petroleum David Seif - NSI

products might have been caused by supply chain disruptions due to the conflict in the david.seif@nomura.com

Middle East. +1 212 667 9180

Our Q2 GDP tracking estimate remains unchanged at 2.4% q-o-q ar. Our forecast for real

final sales to private domestic purchasers was revised down by one-tenth to 2.6% from

2.7% previously.