Don’t forget….10% of those sales go to the big liar, er, guy.
US Industrial Production Unexpectedly Contracts In December
BY TYLER DURDEN FRIDAY, JAN 14, 2022 - 09:20 AM
FTA
US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November’s 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM.
Total US Industrial Production is hovering right above pre-COVID-Lockdown levels, well short of 2018’s record highs...
Worse still, Manufacturing production tumbled 0.3% MoM in December, dramatically worse than the +0.3% MoM expected...
Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels..
https://www.zerohedge.com/economics/us-industrial-production-unexpectedly-contracts-december