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US Industrial Production Unexpectedly Contracts In December

Tyler Durden's Photo
by Tyler Durden
Friday, Jan 14, 2022 - 09:20 AM

US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November's 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.

Source: Bloomberg

Total US Industrial Production is hovering right above pre-COVID-Lockdown levels, well short of 2018's record highs...

Source: Bloomberg

Worse still, Manufacturing production tumbled 0.3% MoM in December, dramatically worse than the +0.3% MoM expected...

Source: Bloomberg

Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels...

Source: Bloomberg

It seems Omicron and inflation angst is slowing everything down... right as The Fed readies rate-hikes and QT?

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