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US Manufacturing Output Falls For 3rd Month - Worst Since Lehman
Along with a massive revision for January (from +0.2% to -0.3%), February's Factory Output fell 0.2% (missing expectations for the 3rd month in a row). This is the 3rd drop in a row for factory output - the worst run since 2009. Overall industrial production missed for the 3rd month in a row but managed a meager 0.1% rise on the back of the biggest rise in utility output ever. Auto vehicles and parts production tumbled 3.0% MoM.
Overall IP rose less than expected...
But Factory Output was even worse with the 3rd drop in a row, major downward revisions, and worst since the great recession
Manufacturing output decreased 0.2 percent in February.
The production of durable goods moved down 0.6 percent, with widespread losses among its components, and the production of nondurable goods moved up 0.2 percent. The motor vehicles and parts industry posted a loss of 3.0 percent, the largest decrease among durable goods manufacturers; most other industries moved down more than 0.5 percent. Only the aerospace and miscellaneous transportation equipment industry recorded a significant increase in production, advancing 1.2 percent
Charts: Bloomberg
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DOW UP 500! MOAR!
We worst-since-lehmanned some folks.
GREEN SHOOTS !!!
"Worst Since Lehman"
Lot of that going around lately. I just thank God that none of this can affect the price of my stawks.
Since Lehman (c)
Seriously. Every third headline.
Fill in the blank Since Lehman®
Exactly. Where is the S&P since Lehman? A Triple?
Talking of triples, how many shots are you supposed to down for 'worst since Lehman?' My understanding was:
1 shot for 'BTFD'
2 shots for 'Worst since Lehman'
3 shots for a picture of the deer
4 shots and a bong hit for 'Everything is Awesome'
5 shots, a bong hit and a line of charlie for 'it's different this time'
All of the above + bath salts for Presidential speeches.
so funny was honestly thinking the same lol
Dranky-drank-drank.
there is a bar in easton, pa called Drinky Drinkersons...its nick-name is Drinky's
and the winter weather polar vortex...
Don't worry. They'll stop using it soon. It'll be when they start saying "worst since the Great Depression" again.
U.S. has manufacturing???
Yes. We screwdriver stuff together from components made in China and stamp it "Made in the USA".
yes, we make aps for instagram
I always like the phrase "engineered in the usa"
Rules for US engineering:
Always use the right tool for the job.
A hammer is he right tool for the job.
Anything can be used as a hammer.
Except chisels. Chisels are screwdrivers.
Seems like every month is " chevy truck month" now
dimes are screwdrivers too. dime bags, on the other, hand go well with screwdrivers (the liquid kind).
Yes, we specialize in the manufacture of regime change "equipment" and other implements for the high speed delivery of democracy.
And farming too, don't forget FarmVille app.
Stocks skyrocket early records are secured on the great bad news WTF
They must keep the 401k bathrobe brigades placated at all costs.
The patient is looking yellow Yellen.
Jaundice is a bad sign.
"U.S. has manufacturing???"
Yes. Debt.
The US is the largest manufacturer of debt.
The roach of the world. Comsumes and produces more debt.
In a controlled manner just keep pushing stocks higher. Print money and buy stocks. What a Federal Reserve game.
What an insane system this is.
It's only viable as long as utility of USD$ can be enforced around the world.
If it cannot, it all ends badly.
Better raise rates (laugh track still deafening. Same old joke still getting a laugh?)
Subprime auto running out of steam apparently.
Producer prices show no inflation, deflation.
This could only mean one thing, Something BIG is coming.
http://safehaven.com/article/36982/something-big-is-coming-to-markets
More QE.
'Worst since flapper girls were busting a move to The Jitterbug' is my new meme.
America has Pancreatic cancer with spread to the liver.
Fed Reserve is the cancer.
Congress wont conduct an CT or PET scan because they know it's dead.
If only Bernie Madoff had these kind of resources to manipulate reality.
He'd still be in business.
Maybe the Plunge Protection Team didn't like the competition?
My hemorrhoids haven't hurt this much since Lehman.