Industrial Production…negative yoy. Miss by Philly Fed today

Below is a chart of Industrial Production year over year, Philly Fed, and Mfg ISM.  Doesn’t appear to be the type of set-up that would spur inflationary juices….

I just set this up because I had not realized that Ind Production year-over-year was NEGATIVE.  How does that happen with auto sales at 18 million unit pace?

 

 

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  Former member of the CME specializing in interest rate options and yield curve strategies.

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