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Brown twigs

Posted by ipso facto @ 10:02 on July 16, 2014  

Industrial Production Drops, Misses By Most Since January

Tyler Durden’s pictureSubmitted by Tyler Durden on 07/16/2014 09:24 -0400

For the 3rd month in a row, Industrial Production missed expectations as hopes and dreams of follow through in Q2 remain dashed on the shores of hard data. IP rose 0.2% (missing the 0.3% expectation) and May’s jump was downwardly revised to 0.5%. What is stunning is that Industrial Production has slowed its gains from the polar-vortex Q1 into a much more economically frigid Q2. Capacity Utilization also missed expectations. Perhaps most worrying is the manufacturing industry’s mere 0.1% gain in June – the slowest increase since January.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.