BREAKING: US industrial production fell sharply in December

3:20 PM 18 January 2023

Industrial production in the US decreased to -0.7% MoM in December, from downwardly revised -0.6 % MoM decline in November and missing market consensus of a -0.1% MoM drop.

On the annual basis industrial production decreased to 1.6%% year-on-year in December, from 2.5% in November.

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US100 continues to move higher and is testing long-term downward trendline as investors expect less hawkish FED. Source: xStation5

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