US Industrial Production Unexpectedly Plunges In September
Despite hope-filled ‘soft’ survey data suggesting US manufacturing’s rebound, the ‘hard’ data shows anything but.
September saw a 1.3% MoM plunge in US Industrial Production (dramatically worse than the 0.1% MoM increase expected) and making matters worse, August was revised down from a 0.4% MoM rise to a 0.1% MoM drop…
Source: Bloomberg
US Manufacturing output tumbled 0.7% MoM (also worse than the +0.1% MoM expected)…
Source: Bloomberg
This is the sixth straight month of basically flatline US manufacturing production.
Tyler Durden
Mon, 10/18/2021 – 09:21
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com