Industrial Production for the month of March was expected to fall 0.3%, but this morning’s report showed that the actual decline was more than twice that at 0.6%.  This was the largest one month decline since May 2009, and represents the third decline in the last four months.  This month’s report also marked the fourth straight month where Industrial Production failed to make a new post-recession high, which is the longest drought in the current expansion.  Yes, a lot of the weakness has been weather related, but enough is enough.  The end of these miserable first quarter economic data reports can’t come soon enough.

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