Industrial Production Decreased in January

Industrial Production Decreased in January
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The latest report on Industrial Production at the start of the new year shows the Trump Growth Recession of 2019 continues unabated heading into 2020. The question is, will it turn around in time, or continue to glide at stall speed until the inevitable happens. Unfortunately for the US economy, there is also now the 200-nation-ton gorilla of a coronavirus on top…

Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft . The index for manufacturing edged down 0.1 percent in January; excluding the production of aircraft and parts, factory output advanced 0.3 percent. The index for mining rose 1.2 percent. At 109.2 percent of its 2012 average, total industrial production was 0.8 percent lower in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 76.8 percent, a rate that is 3.0 percentage points below its long-run (1972–2019) average…

The change in industrial production was below consensus expectations.

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