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Economy
US Industrial Production Unexpectedly Contracts In October, Capacity Utilization Slows
2022-11-16
Graphs can be seen at the link.
[ZeroHedge] US Industrial Production unexpectedly fell 0.1% MoM in October - the biggest drop since Dec 2021 and less than the expected 0.1% MoM jump. Additionally, September's 0.4% MoM rise was revised drastically lower to just 0.1% MoM.

That is the 4th monthly decline in the last 6 months and the slowest YoY rise since January.

Manufacturing output rose 0.1% MoM (half the expected 0.2% rise).

  • Utilities fell 1.5% in Oct. after falling 1.7% in Sept.

  • Mining fell 0.4% in Oct. after rising 0.7% in Sept.

Notably, Capacity Utilization dropped back below 80% (79.875%)...

Not exactly the "strong as hell" recovery we were told about.
Posted by:Skidmark

#4  Washington unbridled spending and enslaving generational debt and an economy in the tank due to lousy policies.. People at the helm who don't seem to have a clue as to what to do. Too many are are unhinged with TDS and don't give a crap about the country. We are headed for harder times. Buckle up.
Posted by: JohnQC   2022-11-16 23:07  

#3  Unexpectedly by whom? Oh yeah, Biden Voters, especially those in Pennsylvania!
Posted by: NoMoreBS   2022-11-16 12:54  

#2  If America suddenly stopped being a nation of indiscriminate consumers, just imagine how much more the rest of the world would hate us.
Posted by: M. Murcek   2022-11-16 11:12  

#1  Billionaire Jeff Bezos tells families to not buy new cars and TVs as the US economy faces recession - while Amazon gears up to 'fire 10,000 staff this week' amid crashing sales
Posted by: Skidmark   2022-11-16 11:10  

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