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US Industrial Production Unexpectedly Plunged In February, Auto Manufacturing Crashed

Posted by ipso facto @ 10:47 on March 16, 2021  

US Industrial Production was expected to rise (+0.3% MoM) for the 9th month of the last 10 in February (the last ‘clean’ pre-COVID print before last March’s collapse, which will spark YoY comp chaos). But, instead, industrial production tumbled 2.2% MoM – the biggest plunge since April 2020. That pushed the YoY drop in production down to 4.25%…

https://www.zerohedge.com/economics/us-industrial-production-unexpectedly-plunged-february-auto-manufacturing-crashed

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