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IPFS News Link • Manufacturing-U.S.A

Industrial Production Rebound Disappoints In March

• Zero Hedge

After a big (unexpected) drop in February, analysts expected a rebound in March but were disappointed in its scale as US Industrial Production rose just 1.4% MoM (vs +2.5% expected) after a downwardly revised 2.6% slump in February.

Source: Bloomberg

The 1.4% rebound was still the biggest jump since July and, given the weak comps, sent Industrial Production up 1.01% YoY. The gain in March followed a drop of 2.6 percent in February, which largely resulted from widespread outages related to severe winter weather in the south central region of the country.  For the first quarter as a whole, total industrial production rose 2.5 percent at an annual rate.