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US Industrial Production Misses (Again) As Manufacturing & Construction Growth Disappoint

With a mere 0.2% rise in manufacturing production (missing expectations of a 0.4% rise), and capacity utilization printing 79.4%, missing expectations of a rise to 79.9%, it is no surprise that overall industrial production missed expectations for the second month in a row. Motor vehicle production fell 0.6% in January and construction supply fell 0.3% - the most in 10 months.


2nd miss in a row for IP...

 

With Construction Supply dropping by the most since April 2014...

 

Not exactly the data that confirms the decoupling narrative...

 

Charts: bloomberg