Factory Output Tumbles In March - This Has Never Happened Outside Of Recession

US Industrial Production peaked in November 2014 and remains down almost 2% from those record highs (despite surging stocks).


This has never happened without the US economy being in recession in history.


While Industrial production headlines met expectations, factory output for March plunged 0.4% - the biggest drop since Feb 2015.


Still who needs 'production' when we have Snapchat and Netflix!??