Bond Yields Tumble As US Manufacturing Output Slumps To Weakest Since July

Original post

After the shocking surprise plunge in January (led by a big slide in manufacturing output), US Industrial Production was expected to rebound in February.

And while the headline Industrial Production data did rebound, it was much lower than expected (+0.1% MoM vs +0.4% exp)…

However, U.S. factory production slumped for a second month in February, missing forecasts for a pickup, indicating headwinds from the trade war to slower global growth are weighing on manufacturers.

As Bloomberg notes, the results indicate headwinds for manufacturing persist as producers

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