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ZeroHedge
17 Mar 2023
US Industrial Production is down 0.25% YoY in February - its first YoY drop since Feb 2021...
Source: Bloomberg
Additionally, Manufacturing output rose 0.1% MoM (better than the 0.3% drop expected, but offset by the upward revision from 1.0% to 1.3% MoM in January). That left Manufacturing output down 1.0% YoY...
Source: Bloomberg
Overall Capacity Utilization remains subdued...
Source: Bloomberg
It look slike the 'long and variable lags' of monetary policy are starting to hit...