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US Industrial Production Shrinks In Feb - First YoY Drop In 2 Years

Tyler Durden's Photo
by Tyler Durden
Friday, Mar 17, 2023 - 01:24 PM

US Industrial Production is down 0.25% YoY in February - its first YoY drop since Feb 2021...

Source: Bloomberg

Additionally, Manufacturing output rose 0.1% MoM (better than the 0.3% drop expected, but offset by the upward revision from 1.0% to 1.3% MoM in January). That left Manufacturing output down 1.0% YoY...

Source: Bloomberg

Overall Capacity Utilization remains subdued...

Source: Bloomberg

It look slike the 'long and variable lags' of monetary policy are starting to hit...

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