US Industrial Production Unexpectedly Contracts In December
US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November’s 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
Source: Bloomberg
Worse still, Manufacturing production tumbled 0.3% MoM in December, dramatically worse than the +0.3% MoM expected…
Source: Bloomberg
Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels…
Source: Bloomberg
It seems Omicron and inflation angst is slowing everything down… right as The Fed readies rate-hikes and QT?
Tyler Durden Fri, 01/14/2022 – 09:20
