Recession Canceled: US Industrial Production Jumps To Record High
With a recession-narrative-crushing gain of 0.7% MoM (better than the 0.2% MoM expected)...
Source: Bloomberg
...US Industrial production rose to an all-time record high in February...
Source: Bloomberg
Mfg output rose 0.9 percent, boosted by a jump of 8.5% in the index for motor vehicles and parts. The output of manufacturing excluding motor vehicles and parts increased 0.4% .
Source: Bloomberg
Manufacturing output rose 0.9% in February. The durable manufacturing index increased 1.6%; while the growth of durables output was led by the index for motor vehicles and parts, gains were also seen in most other categories of durable manufacturing.
Source: Bloomberg
The nondurable manufacturing index stepped up 0.2%, with growth in chemicals offsetting a decline in food, beverage, and tobacco products.
The index for other manufacturing (publishing and logging) decreased 0.1%.
Mining output grew 2.8% in February after falling 3.2% in January.
The index for utilities decreased 2.5%, as the output for electric utilities and for natural gas utilities decreased 1.2% and 11.1%, respectively.
Capacity Utilization also continued to surge, shrugging off recessionary signals...
Source: Bloomberg
This won't help the doves... or Bessent and Trump who want long-term yields lower.
Tyler Durden
Tue, 03/18/2025 - 09:42
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