Industrial Production Drops By Most In 11 Months (After Biggest Surge Since 2010)

Industrial Production dropped 0.1% in December (slightly worse than expected) after November's 1.3% surge - the biggest sicne may 2010. Not since Jan 2014's Polar Vortex has Industrial Production dropped more than this. The 5.5% surge in vehicle production - as suspected - was entirely unsustainable and dropped 0.9% in December and Utilities collapsed 7.3% on the month - the worst dropo since Jan 2006.

Industrial Production dropped most since Jan 2014...

 

led by Motor Vehicles...

 

and Utilities...

 

Charts: Bloomberg