US Manufacturing Drops In July As Auto Production Slumps

Tyler Durden's picture

Industrial Production, leaked early, rose just 0.2% MoM in July, missing expectations and slowing from last month's 0.4% gain. Manufacturing production actually shrank (-0.1%)...

 

The biggest driver of the decline was a 3.6% slump in motor vehicle production...

 

Still, none of that matters...

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spastic_colon's picture

weird how "suddenly" the econ reports are weak lol

Juggernaut x2's picture

They've been weak for 9 years,  don't take it personally,  Trumptard snowflakes. You should go out and buy a new Chevy Tahoe to help Orange Julius out.

Bill of Rights's picture

And you should go fuck yourself and that costs zero.

Juggernaut x2's picture

You would love Donny-san long time

Justin Case's picture

buy a new Chevy Tahoe
Same as Bush said. Use that equity in your home and buy an SUV. There should be a new SUV in every driveway in merica!

Yup, we all know what followed.

Bill of Rights's picture

We need the magic Negro back to make things right again. Oh praise Obama the Constitutional Scholar ha ha ha

Juggernaut x2's picture

Still fixated on Obama? Like the Obamatards blaming Bush for years after the election 

in4mayshun's picture

Trump spewing common sense most of the time is still better than another president twisting the truth all the time

order66's picture

Makes sense when you have massive inventories and this:

https://pbs.twimg.com/media/DHX3WVLV0AE4Nb3.jpg:large

LawsofPhysics's picture

Depends what you are "manufacturing"...

bankers and financiers continue to flood the world with financial "products" of mass destruction...

Hope these fuckers taste like chicken.

gregga777's picture

They'll make good dog food.

silverer's picture

Black people invented cars, so this must be the white man's fault.

gregga777's picture

No, Henry Ford and that Daimler guy.

Juggernaut x2's picture

Benz built the first motorcar

Justin Case's picture

Some observers argue that the first true automobile was gasoline-powered. They point to not one but two inventors:

Karl Friedrich Benz and Gottlieb Daimler. The two men, who had never met previously, filed their patents on the same day—January 29, 1886—in two different German cities. Benz’s three-wheeled vehicle, which he first drove in 1885, was the first to combine an internal combustion engine with an integrated chassis, while Daimler’s motorized carriage (invented with his collaborator, Wilhelm Maybach) was the world’s first four-wheeled automobile and featured the first high-speed gasoline engine.

gregga777's picture

Yes, none of the facts from the real economy matters as long as Goldman Sachs Feral Reserve System Universal Basic Income policies for the rich are still in place. The massive increase in the Goldman Sachs Feral Reserve System balance Sheet has gone directly into the pockets of those who own all of the assets.

small axe's picture

"leaked early" ... so Goldman had the number last week?

Winston Churchill's picture

Five years ago, in a planned economy its always five years to paradise.

IronForge's picture

Raising Tariffs would work wonders here...

Rebelrebel7's picture

Cars are cheap right now. I keep getting pop up ads to buy a Nissan SUV for 21k! 

Major Eric Shunn's picture

The Liar-In-Chief touts anything good as his personal doing. Let's see if he will take any blame for lower US production rates. He won't but he will blame it on the Democrats, Hillary, Obama, N. Koreans, Republicans, immigrants anything other than himself.

 

Justin Case's picture

Let's see if he will take any blame for lower US production rate.anything other than himself.

Are you not reading the real news? Every initiative he's tried to start is stifled by congress or the courts or internal bickering, investigations, resignations, appointments,fake news attacks, drowning in political bullshit, there is no time to run the corporation USA Inc.

ludwigvmises's picture

Trump is hollowing out our manufacturing base just like Obama was. SAD!

zedwood's picture

With all the incentives available, most folks bought or leased a new car since it was cheaper.  The percentage of leased vehicles has been rising for years as most folks can no longer afford to buy a car.  So existing used inventory was high because of the incentives to buy new and thousands of lease returns are due to return.  They have done a beautiful job of painting themselves into a corner that will take years to unwind.