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US Manufacturing Rebounds In November As Auto Production Soars

Courtesy of ZeroHedge View original post here.

After notable weakness in October, analysts expected November Industrial Production to rebound healthily (echoing the PMIs) and it did, rising 1.1% MoM (above the 0.9% expected rebound especially positive considering October was revised lower to -0.9% as was September).

The manufacturing sector also rebounded 1.1% MoM – the biggest jump since October 2017 – but on a YoY basis, manufacturing remains in contraction…

Source: Bloomberg

Utilities rose a notable 2.9% in November (after falling 2.4% in October) and auto production surged…

Source: Bloomberg

And finally, the decoupling between the economy and the market continues…

Source: Bloomberg

Thank you Mr.Powell.


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