Posted on 04/15/2016 6:42:21 AM PDT by mykroar
U.S. industrial production fell more than expected in March as output declined broadly, the latest indication that economic growth braked sharply in the first quarter.
Industrial output decreased 0.6 percent last month after a downwardly revised 0.6 percent drop in February, the Federal Reserve said on Friday. Industrial production has declined in six of the last seven months.
Economists polled by Reuters had forecast industrial production slipping 0.1 percent last month after a previously reported 0.5 percent drop in February.
Industrial production fell at an annual rate of 2.2 percent in the first quarter. The report joined data on retail sales, business spending, trade and wholesale inventories in suggesting that economic growth slowed to crawl at the turn of the year.
(Excerpt) Read more at cnbc.com ...
But given a buoyant labor market, the ebb in growth is likely to be temporary.
But there are signs the worst of the industrial sector downturn is over, with recent manufacturing surveys turning higher. In addition, the dollar's rally has fizzled and oil prices appear to be stabilizing.
Asked and answered.
If a revolution ever comes, the press should be marched to the gallows. If they make it that far.
Shhhh....it's not a recession.
Let me the first to say: Unexpected.
Some day they are going to hit it on the nose and THEN they will fire someone.
Don’t forget “It’s Bush’s fault”.
Industrial production fell at an annual rate of 2.2 percent in the first quarter
If only we could have gotten the TPP Trade deal through, we would get that up to 5%, and the economy would really be booming
Nail Salons, Phone Stores, Fast Food Restaurants and Yoga and Pilate classes is no way to build an economy..........................
“We don’t win anymore”
LOL.
How could I forget.....?
UNEXPECTEDLY!!!
There are plenty of trees on the way to the gallows.
Hey—It’s OK!
Unemployment’s down and Obama’s still President.
Happy days are here again.
Are they going to let Trump win the election? Or are they going to start the printing presses.
We will see how quickly this becomes a full blown Depression come Nov. 2016 if Trump wins. The banksters and Fed will be sure to cause a lot of trouble on Obamas way out not to mention the gov agencies that will all of the sudden begin to tell the truth about this economy. Trump vs Fedzilla will be an interesting match-up.
That is danger we must keep alert for.
If Trump/Cruz get in...Cruz will take care of the Fed.
JMHO..
Jedi.
It would have been worse were it not for all the hires that were necessary to dismantle the production facilities and ship them out of the country.
Yep...any GOP President will face a one world wall in Congress and the bureaucracy. ..
What they're calling "temporary" has been going on since 2014.
|
Industrial Production Index -- Board of Governors of the Federal Reserve System (US) |
||
| Date | level | change |
| , November, 2014 | 106.7 | |
| , December, 2014 | 106.5 | -0.2% |
| , January, 2015 | 106.0 | -0.5% |
| , February, 2015 | 105.9 | -0.1% |
| , March, 2015 | 105.5 | -0.3% |
| , April, 2015 | 105.3 | -0.2% |
| , May, 2015 | 105.0 | -0.2% |
| , June, 2015 | 104.9 | -0.2% |
| , July, 2015 | 105.5 | 0.6% |
| , August, 2015 | 105.6 | 0.1% |
| , September, 2015 | 105.3 | -0.3% |
| , October, 2015 | 105.2 | -0.1% |
| , November, 2015 | 104.5 | -0.6% |
| , December, 2015 | 104.1 | -0.4% |
| , January, 2016 | 104.6 | 0.5% |
| , February, 2016 | 104.0 | -0.6% |
| , March, 2016 | 103.4 | -0.6% |
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