US Industrial Production tumbled for the third straight month in November (and 4th of the last 5). The 0.1% MoM decline (vs +0.3% exp) – following a downwardly revised 0.4% drop the month prior – dragged production down 0.9% YoY (the worst drop since January)…
Source: Bloomberg
Factory Orders rose 0.2% MoM – after a downwardly revised 0.7% slide a month earlier – (considerably weaker than the +0.5% MoM expected)…
Source: Bloomberg
Ex-Transportation, the picture was a little more rosy with core factory orders up a modest 0.13% MoM rise lifting YoY production by 1.13%…
Source: Bloomberg
Output at utilities fell by the most in four months, while mining posted the largest decline since May.