Article Image
IPFS News Link • Business/ Commerce

US Industrial Production Collapses Most Since 1952 Outside Of Recession


The current decline in US manufacturing would be the first time since 1952 that Industrial Production has declined for four straight months without the US economy not being in recession. A worse-then-expected 0.5% MoM plunge - near the worst since 2009, led to a 1.0% drop YoY, the 4th monthly decline...

Another data point to ignore...

Led by a 9.9% YoY crash in mining...biggest since 1983!

If it walks like a duck, quacks like a duck... it must be a recession?