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US Industrial Production Growth Slumps To Weakest Since January 2010
Following September's 0.2% MoM drop, October's Industrial Production dropped a further 0.2% (missing expectations of a 0.1% rise by a mile). This is the 9th MoM drop in the 10 months of this year. Utilities (-2.5%) and Mining (-1.5%) were big drivers, as year-over-year, IP rose just 0.34% - the weakest growth since January 2010 - is flashing recessionary signals loud and clear.
9 of the last 10 months have seen declines in Industrial Production... (not seen outside of a recession)
And YoY, these levels have not occurred outside of a recession...
We know, we know - ignore it! Means nothing because US is a Service Economy, right?!! ok.
Charts: Bloomberg
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Should be good for another 100-200 on the dow.
is that all......sarc/
Channels fully stuffed.
Hmmm, looks lke we need to bring the women into assembly lines again manufactoring tanks and airplanes, too bad there arent any wars on the horizon.
Forget this commie graph.
I'm off to Walmart
...we're hoping that our midterm grades will really help our average. [/Hoover]
Leaves plenty of UP room now. (mumbling)
blame the "strenght" of the dollar.
America is losing it's own currencywar game right now.
They simply have to many dollars already in circulation and they have to print way way more to weaken it then a smaller country needs to do.
The dollar rose over 20% against the euro, and we're profitting from it. America not so much.
watch out below