For the 15th straight month, US Industrial Production has decline YoY (by 0.6%). This is the longest streak in US history without a recession.
IP decline 0.4% MoM in November (the biggest drop since March) and missed expectations... despite a surge in surveys proclaiming manufacturing picking up?
The biggest driver of the drop... Vehicle Production declined 3.7% MoM
At some point this matters, right?