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US Industrial Production Unexpectedly Contracts In December
US Industrial Production Unexpectedly Contracts In December US Industrial Production was expected to slow its re-acceleration in December with a 0.2% MoM increase versus November's 0.5% MoM rise, but things were notably worse with Industrial Production contracting by 0.1% MoM. Source: Bloomberg Total US Industrial Production is hovering right above pre-COVID-Lockdown levels, well short of 2018's record highs... Source: Bloomberg Worse still, Manufacturing production tumbled
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