US Industrial Production dipped in March from record highs...
Source: Bloomberg
The headline industrial production fell 0.3% MoM (slightly worse than the 0.2% decline expected (after February's jump was revised higher to +0.8% MoM).
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Source: Bloomberg
But, US Manufacturing rose 0.3% MoM - its 5th straight monthly rise...
Source: Bloomberg
Output at utilities declined on warmer weather, while mining and energy extraction rose.
Capacity Utilization also dropped after three straight months of improvement...
Source: Bloomberg
Is Trump's dream of re-shoring of manufacturing about to take us to the moon?