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ZeroHedge
15 Feb 2023

After 6 months of barely a blip in industrial production, consensus was hoping for a 0.5% MoM rise in January... but once again they were disappointed as Industrial Production was unchanged in January. That left Industrial Production up just 0.79% YoY - the weakest since Feb 2021...
Source: Bloomberg
Manufacturing output actually rose 1.0% MoM, better than the +0.8% expected, and its best print since Feb 2022. That dragged the YoY move back into the green...barely.
Source: Bloomberg
The biggest headline from the report is the record 9.9% collapse in Utilities...
Capacity Utilization slid to 78.3% - the lowest since Oct 2021...
Source: Bloomberg
But the economy is "strong as hell"?