US Manufacturing Production Growth Slows In November

US Manufacturing Production Growth Slows In November
Tyler Durden
Tue, 12/15/2020 – 09:22

After a surprising re-acceleration in October, analysts expected US Industrial Production growth to slow once again in November and it did but still managed a modest beat, rising 0.4% MoM (against +0.3% exp) from +0.9% MoM in October (revised lower). However, this left Industrial Production still down 5.34% YoY…

Source: Bloomberg

Manufacturing production rose 0.8% MoM (double the expected 0.4% gain), slowing from the +1.1% MoM in October. This actually slowed the YoY momentum back to -3.7% YoY (from -3.5% YoY)…

Source: Bloomberg

The INDUSTRIAL gap continues to widen…

Source: Bloomberg

The question is – which way will the recoupling happen?

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