Tag Archives: Auto Manfacturing

U.S. Industrial Production Plunged and Auto Manufacturing Crashed In February

The weather must have been pretty bad to prevent people from buying something on Amazon from the cell phone they were already holding in their hand.

US Industrial Production was expected to rise (+0.3% MoM) for the 9th month of the last 10 in February (the last ‘clean’ pre-COVID print before last March’s collapse, which will spark YoY comp chaos). But, instead, industrial production tumbled 2.2% MoM – the biggest plunge since April 2020. That pushed the YoY drop in production down to 4.25%…

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