Due to weak economic data and a poor stock market, investors are growing increasingly concerned over the American economic situation. Initial jobless claims remain well above 400,000 a week while the latest ISM Manufacturing Index survey showed that the production corner of the economy may be slowing down as well. Despite this rash of bad news, stocks have started to come back this week thanks to a slowdown in wholesale price increases and retail sales that came in above expectations. Thanks to these conflicting reports, today’s release of the Industrial Production level should be heavily scrutinized by investors in order to give a more complete picture of the current economic situation. Investors are expecting a 0.2% uptick in production compared to last month, which would represent a return to growth after April’s flat performance. Of particular interest should be the auto assembly section of the survey as continuing supply disruptions from the tsunami in Japan caused the manufacturing section to slide [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs & Sector Rotation: Large Cap, Small Cap, Or International? ETF Insider: Weak Dollar Creates Opportunities Three ETFs To Watch This Week: EWP, XLI, EWC ETF Insider: Buying Opportunities After Panic Selling Daily ETF Roundup: GDX Slides On Gold’s Weakness, XLI Rises On Strong Earnings