Industrial Production Crashes Most Since 2009, Weather Blamed

Wednesday, December 16, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/16/2015

For the third month in a row US Industrial Production dropped MoM, crashing 0.6% in November (against expectations of a mere 0.2% drop). This is the 9th month of 2015 with no MoM increase in industrial production and is the biggest MoM drop since March 2012. However, for the first time since Dec 2009, Industrial Production fell YoY (down 1.2%) signalling America is deep in recession. The excuse, blame, is “unusually warm weather” which sent the utilities index down 4.3% as demand for heating tumbled. Meanwhile, Oil & Gas Well Drilling Output is the lowest this century…

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