Tuesday, September 15, 2015

Industrial Production Plunges Most In 3 Years As Auto-Maker "Nightmare" Comes True

"Industrial Production missed expectations notably, dropping 0.4% MoM (the 6th of the last 8 months) missing expectations of a 0.2% drop (and notably weaker than the +0.9% upward revised July print). Thjis is the biggest MoM drop since August 2012. The big driver of the decline - just as we warned of nightmares ahead - was auto assemblies which plunged to a 4-year low by the most since Jan 2009. The year-over-year rise in IP is just 0.9% - flashing yet another recession-looming indicator..."

at http://www.zerohedge.com/news/2015-09-15/industrial-production-plunges-most-3-years-auto-maker-nightmare-comes-true

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