US Industrial Production Unexpectedly Contracts In December 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. Source: Bloomberg Worse still, Manufacturing production tumbled 0.3% MoM in December, dramatically worse than the +0.3% MoM expected... Source: Bloomberg Capacity Utilization dipped back lower, holding the pre-COVID-lockdown levels... Source: Bloomberg It seems Omicron and inflation angst is slowing everything down... right as The Fed readies rate-hikes and QT? Tyler Durden Fri, 01/14/2022 - 09:20