Industrial Production Drops, Misses By Most Since January

Tyler Durden's picture

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.

Industrial Production missed for 3rd month in a row...


As Manufacturing tumbled...

Charts: Bloomberg


*  *  *

Does this look like a Q2 recovery bounce that is strong and supportive of 3% GDP growth?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
doomandbloom's picture

Good for Dow 18000

RevRex's picture


Sudden Debt's picture

more like a green stickup than a shoot...

LawsofPhysics's picture

What happened to "beating expectations all the way down"?


Stay on script guys...

ChartreuseDog's picture

There's a positive spin somewhere out there on this... wait for it...

RiskyBidness's picture

Well.......If ever there was a chart that said BTFD........this is it!!  Can this insanity continue much longer!  I am starting to question my sanity!!  FUCK!!

yogibear's picture

It's untaper the taper.

US welcome to Japan. The Federal Reserve is keeping the financial zombies alive. Just like Japan. 

Years of slow grind for the 99%.  No clearing of debt. They won't let the bad fail, so it's the dead zombie economy for years.

Temerity Trader's picture

It doesn’t matter, bad news is good news. Embrace the New Normal. This is the most successful Fed in history, they have given everyone 100% assurance they will backstop the equity markets. Any negative numbers means more Fed money creation is on the way. Equities cannot go down in this environment. People are now wealthier than ever before. Millions have seen their 401Ks soar; they are out buying things with cheap Fed dollars. Corporations are borrowing the cheap Fed $$ and buying back shares, stocks soar. It is perfect, and bears need to acknowledge Dow 20k, then 25k is all within reach of the Fed.

Sudden Debt's picture


damn putin... it's because of him that Obama had to stick his nose where it didn't belong...


creeko's picture

If my purchasing power increasedby .01% in June, that would be happy news.

Kaiser Sousa's picture

and the Dow futures appear to be set for a 100 point open...

PlusTic's picture

this insanity knows no bounds...bizzaro world ^2

geno-econ's picture

Most important index is Dollar Printing Press Mmanufacturing Capacity Utilization .  If MPPMCU goes down, the entire Western Monitary Ponzi Unravels.

besnook's picture

who runs the world now? china shows good numbers and the ny markets ramp in the face of bad usa numbers. must be chinese buyers.

venturen's picture

maybe they can change indutrial production to include fraud...that would get the numbers up!

syntaxterror's picture

Does "building a tweet" or "building a facecrook post" count as industrial production?

KnuckleDragger-X's picture

Things are going so well I can barely contain my excitement and optimism....