After a surprising re-acceleration in October, analysts expected US Industrial Production growth to slow once again in November and it did but still managed a modest beat, rising 0.4% MoM (against +0.3% exp) from +0.9% MoM in October (revised lower). However, this left Industrial Production still down 5.34% YoY...

Source: Bloomberg

Manufacturing production rose 0.8% MoM (double the expected 0.4% gain), slowing from the +1.1% MoM in October. This actually slowed the YoY momentum back to -3.7% YoY (from -3.5% YoY)...