US Industrial Production Shrinks In Feb – First YoY Drop In 2 Years
US Industrial Production is down 0.25% YoY in February – its first YoY drop since Feb 2021…
Source: Bloomberg
Additionally, Manufacturing output rose 0.1% MoM (better than the 0.3% drop expected, but offset by the upward revision from 1.0% to 1.3% MoM in January). That left Manufacturing output down 1.0% YoY…
Source: Bloomberg
Overall Capacity Utilization remains subdued…
Source: Bloomberg
It look slike the ‘long and variable lags’ of monetary policy are starting to hit…
Tyler Durden
Fri, 03/17/2023 – 09:24
