US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb)

US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb)

US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb) At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected - and dragging YoY growth in IP down to +0.74%) is bad news... suggesting immediate impacts from the war are being felt and sparking headlines decrying President Trump's actions. Source: Bloomberg However, while we agree that the decline is notable, the fact that Februar...

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