US Industrial #Production Weakens For 5th Month – Longest Streak Since Great #Recession

Posted: May 15, 2015 in Economics

On the heels of the weakest print since May 2009 in March, April Industrial Production printed -0.3% (against expectations of a bounce to -0.03% from -0.64% – which was revised higher). This is the 5th monthly drop in a row – the longest streak since the Great Recession. This is the 2nd weakest YoY print, at a mere +1.93%, since Feb 2010. To add to the pain, Capacity Utlization missed expectations falling to its lowest since Jan 2014 (falling the most YoY since Dec 2009) and Manufacturing production was unchanged.

Worst streak of monthly drops since 2009…

2nd weakest YoY print since Feb 2010…

And Capacity Utilization plunged to its lowest since Jan 2014… with the biggest YoY decline since Dec 2009

Full Story @ [Zero Hedge]

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