US Manufacturing Output Plunged In September US Manufacturing contracted 0.4% MoM in September (dramatically worse than the 0.1% decline expected). This dragged Manufacturing output down 0.5% YoY… Source: Bloomberg This helped drag US Industrial Production down 0.3% MoM and -0.6% YoY (the weakest since April) as August’s print was revised down… Source: Bloomberg A strike by aircraft machinists held down industrial production by an estimated 0.3%, while the effects of hurricanes Helene and Francine subtracted a similar amount, the Fed said. Production of aerospace equipment tumbled 8.3% during the month. And this is all happening as Capacity Utilization tumbles to… — Continue at ZeroHedge News : Read More
