US Industrial Production Misses (Again) As Manufacturing & Construction Growth Disappoint

Tyler Durden's picture

With a mere 0.2% rise in manufacturing production (missing expectations of a 0.4% rise), and capacity utilization printing 79.4%, missing expectations of a rise to 79.9%, it is no surprise that overall industrial production missed expectations for the second month in a row. Motor vehicle production fell 0.6% in January and construction supply fell 0.3% - the most in 10 months.

2nd miss in a row for IP...


With Construction Supply dropping by the most since April 2014...


Not exactly the data that confirms the decoupling narrative.

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mygameon's picture

And the point is? Just accelerated buying of assets by CBs to continue.

remain calm's picture

We look like Japan. Even the average American penis is shrinking, secondarily to obesity.

BigRedRider's picture

Pecker shrinking?  I haven't seen my dick in 20 years...and I thought it was because of obesity.

Max Damage's picture

Don't worry Tesla will sort it. They are going to build millions of cars on a 500k capacity plant according to MUSK!!!

giovanni_f's picture

With only three bad numbers today (US Producer Prices, Housing starts, US industrial production) I am sure that the next NFP will surprise to the upside, big style.

GeezerGeek's picture


Although, as someone who expects the worst most of the time, exceeding or missing expectations is something I rarely care about. Absolute numbers mean more to me, or comparisons like YOY. That, of course, assumes one can get the true numbers, or at least a fair approximation thereof. It's like EPS: reduce the number of shares through buybacks and a company doesn't need to have greater earnings in order to have greater EPS.

I expect totalitarian repression, although it's not what I want. Will anything less therefore be considered to have exceeded my expectations?

NoDebt's picture

Transitory.  We'll be back at full boil as soon as the Fed unleashes QE4.  Please remain calm.

SheepDog-One's picture

No need to even wait for QE4.2 as no rate increase ever and NIRP are even better for banksters, which is all that actually matters.

EHM's picture

Who cares? Buy!

Ness.'s picture

16 straight data misses in US this week.  #winning 

Creepy A. Cracker's picture



Chief Kessler's picture

I love the smell of redneck pussy in the morning

Kristian's picture

Noise, it is about the FOMC minutes

BigRedRider's picture

Meh...DOW @ 18K, S&P 2100...I take not care.

Element 26's picture

The manufacturing downturn is far worse than these manipulated statistics suggest.  The Census Department just reported that steel imports in November declined 18% YoY while AISI reported that domestic U.S. steel production declined 10% YoY in the same month.  This is a weighted 12.4% overall decline in steel available for manufacturingin December and January.

SheepDog-One's picture

Yes but share buybacks are accelerating, the only thing that really matters.

fxpmtrader's picture

As a solution suggest to move even more production to (unregulated) India and Asia - so they (holy tax avoiding corporation cows protected by the corrupt whores in W DC) can make even more profits on the back of even cheaper dumber sheeple.

Then, like "longterm unemployed" - create a new category "production facility gone forever" and remove them from the current stats - and all of a sudden manufacturing production will RISE like a Phoenix from the ashes.

In any case, whatever the results are - this is bullish and should just suck in more dickheads and sheeple as food for the Sharks, Crocodiles and Gorillas.

Nothing but a silly cheap show for the remaining paralyzed trading junkies anymore.