Industrial Production Plunges Most In 3 Years As Auto-Maker “Nightmare” Comes True
by Tyler Durden
ZeroHedge.com
09/15/2015
Industrial Production missed expectations notably, dropping 0.4% MoM (the 6th of the last 8 months) missing expectations of a 0.2% drop (and notably weaker than the +0.9% upward revised July print). Thjis is the biggest MoM drop since August 2012. The big driver of the decline – just as we warned of nightmares ahead – was auto assemblies which plunged to a 4-year low by the most since Jan 2009. The year-over-year rise in IP is just 0.9% – flashing yet another recession-looming indicator.
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