Thank you Donald Trump ... U.S. industrial output falls by most in 17 months in October 2019

[g5000]

'Wrong-way', 'wrong-headed', Donald Trump has turned industrial production into reverse gear, the opposite direction to his publicly announced intentions.

"On a year-on-year basis, U.S. industrial production is down 1.1%."

That's not all, the manufacturing index is down 6% year on year, and it's still plunging. The bottom is not yet in sight.

Donald Trump's interference in the markets and trade system has had a negative effect on US industries. Every industry is down.

The brightest spot on the industrial horizon is the excuse manufacturing industry, Trump's favorite, which is booming.

U.S. industrial output falls by most in 17 months in October

U.S. industrial output falls by most in 17 months in October
Published: Nov 15, 2019 11:00 a.m. ET

The numbers: U.S. industrial production dropped 0.8% in October, the largest decline since May 2018, the Federal Reserve reported Friday. It was the third decline in output in the past four months. The drop was steeper than Wall Street expectations of a 0.5% fall.
The report was impacted by the United Auto Workers strike at General Motors GM, -0.33% , which pushed down auto production by 7.1%.
The weakness was not limited to auto manufacturing though. Excluding autos, industrial production was down 0.5%.
Manufacturing output fell 0.6% in October. Manufacturing ex-autos in October was down 0.1%.
Industrial capacity in use slumped to 76.7 in October. That’s the lowest level in 25 months.
What happened: No sector showed a gain in output.
Mining output, which has been a driver for growth, fell 0.7% in October. That’s the third decline in the past four months. Utility production slumped 2.6% after a sharp rise in the prior month.
On a year-on-year basis, U.S. industrial production is down 1.1%.
Big picture: The manufacturing sector is being hit hard by several headwinds, including weak global demand, uncertainty over international trade policy and the woes at Boeing Co. Some economists had detected a trough in the manufacturing sector but this report belies that impression.
Fed Chairman Jerome Powell told lawmakers this week that his economists are watching closely to see if weakness in the manufacturing sector spills over into the consumer side of the economy. But the October retail sales data, released earlier Friday, was generally positive.
What are they saying? “Evidence concerning the manufacturing sector tends to point to weakening conditions, with decent domestic demand being countered by an increasingly weak export sector,” said Josh Shapiro, chief U.S. economist at MFR Inc.
Market reaction: Stocks opened higher on Friday as investors digested the retail sales data. The Dow Jones Industrial Average DJIA, -0.96% was up 117 points in mid-morning trading.

Under your hero the obummer manufacturing jobs were leaving this country at the rate of 2000 per month.

They are coming back under Trump.

Must suck to be you.

It must suck to live like a mushroom where your propagandists keep you in the dark about the real world.


US manufacturing survey shows worst reading in a decade

Institute for Supply Management | Established in 1915


Some direct quotes:


“Continued softening in the global automotive market. Trade-war impacts also have localized effects, particularly in select export markets. Seeing warehouses filling again after what appeared to be a short reduction of demand.” (Chemical Products)

“Chinese tariffs going up are hurting our business. Most of the materials are not made in the U.S. and made only in China.” (Food, Beverage & Tobacco Products)

“We have seen a reduction in sales orders and, therefore, a lower demand for products we order. We have also reduced our workforce by 10 percent.” (Plastics & Rubber Products)

“Economy seems to be softening. The tariffs have caused much confusion in the industry.” (Electrical Equipment, Appliances & Components)

 

[whitehall]

Yeah but it was almost 6% last year. When did Hussein ever see 6% in his long long 8 years? As a matter of fact Hussein told Americans that U.S. industry was gone and not coming back. If the democrat congressional majority spent their time representing Americans instead of trying to reverse the results of a 3 year old election the industrial output might be close to 10% but democrats won't allow success under a republican administration and damn the Country.

 

[g5000]

'Wrong-way', 'wrong-headed', Donald Trump has turned industrial production into reverse gear, the opposite direction to his publicly announced intentions.

"On a year-on-year basis, U.S. industrial production is down 1.1%."

That's not all, the manufacturing index is down 6% year on year, and it's still plunging. The bottom is not yet in sight.

Donald Trump's interference in the markets and trade system has had a negative effect on US industries. Every industry is down.

The brightest spot on the industrial horizon is the excuse manufacturing industry, Trump's favorite, which is booming.

U.S. industrial output falls by most in 17 months in October

U.S. industrial output falls by most in 17 months in October
Published: Nov 15, 2019 11:00 a.m. ET

The numbers: U.S. industrial production dropped 0.8% in October, the largest decline since May 2018, the Federal Reserve reported Friday. It was the third decline in output in the past four months. The drop was steeper than Wall Street expectations of a 0.5% fall.
The report was impacted by the United Auto Workers strike at General Motors GM, -0.33% , which pushed down auto production by 7.1%.
The weakness was not limited to auto manufacturing though. Excluding autos, industrial production was down 0.5%.
Manufacturing output fell 0.6% in October. Manufacturing ex-autos in October was down 0.1%.
Industrial capacity in use slumped to 76.7 in October. That’s the lowest level in 25 months.
What happened: No sector showed a gain in output.
Mining output, which has been a driver for growth, fell 0.7% in October. That’s the third decline in the past four months. Utility production slumped 2.6% after a sharp rise in the prior month.
On a year-on-year basis, U.S. industrial production is down 1.1%.
Big picture: The manufacturing sector is being hit hard by several headwinds, including weak global demand, uncertainty over international trade policy and the woes at Boeing Co. Some economists had detected a trough in the manufacturing sector but this report belies that impression.
Fed Chairman Jerome Powell told lawmakers this week that his economists are watching closely to see if weakness in the manufacturing sector spills over into the consumer side of the economy. But the October retail sales data, released earlier Friday, was generally positive.
What are they saying? “Evidence concerning the manufacturing sector tends to point to weakening conditions, with decent domestic demand being countered by an increasingly weak export sector,” said Josh Shapiro, chief U.S. economist at MFR Inc.
Market reaction: Stocks opened higher on Friday as investors digested the retail sales data. The Dow Jones Industrial Average DJIA, -0.96% was up 117 points in mid-morning trading.

Under your hero the obummer manufacturing jobs were leaving this country at the rate of 2000 per month.

They are coming back under Trump.

Must suck to be you.

Institute for Supply Management | Established in 1915

PMI® at 48.1%

GDP Growing at 1.5%

New Orders, Production, and Employment Contracting
Supplier Deliveries Slowing from Faster; Backlog Contracting
Raw Materials Inventories Contracting; Customers’ Inventories Too Low
Prices Decreasing; Exports and Imports Contracting

 

[Brain357]

'Wrong-way', 'wrong-headed', Donald Trump has turned industrial production into reverse gear, the opposite direction to his publicly announced intentions.

"On a year-on-year basis, U.S. industrial production is down 1.1%."

That's not all, the manufacturing index is down 6% year on year, and it's still plunging. The bottom is not yet in sight.

Donald Trump's interference in the markets and trade system has had a negative effect on US industries. Every industry is down.

The brightest spot on the industrial horizon is the excuse manufacturing industry, Trump's favorite, which is booming.

U.S. industrial output falls by most in 17 months in October

U.S. industrial output falls by most in 17 months in October
Published: Nov 15, 2019 11:00 a.m. ET

The numbers: U.S. industrial production dropped 0.8% in October, the largest decline since May 2018, the Federal Reserve reported Friday. It was the third decline in output in the past four months. The drop was steeper than Wall Street expectations of a 0.5% fall.
The report was impacted by the United Auto Workers strike at General Motors GM, -0.33% , which pushed down auto production by 7.1%.
The weakness was not limited to auto manufacturing though. Excluding autos, industrial production was down 0.5%.
Manufacturing output fell 0.6% in October. Manufacturing ex-autos in October was down 0.1%.
Industrial capacity in use slumped to 76.7 in October. That’s the lowest level in 25 months.
What happened: No sector showed a gain in output.
Mining output, which has been a driver for growth, fell 0.7% in October. That’s the third decline in the past four months. Utility production slumped 2.6% after a sharp rise in the prior month.
On a year-on-year basis, U.S. industrial production is down 1.1%.
Big picture: The manufacturing sector is being hit hard by several headwinds, including weak global demand, uncertainty over international trade policy and the woes at Boeing Co. Some economists had detected a trough in the manufacturing sector but this report belies that impression.
Fed Chairman Jerome Powell told lawmakers this week that his economists are watching closely to see if weakness in the manufacturing sector spills over into the consumer side of the economy. But the October retail sales data, released earlier Friday, was generally positive.
What are they saying? “Evidence concerning the manufacturing sector tends to point to weakening conditions, with decent domestic demand being countered by an increasingly weak export sector,” said Josh Shapiro, chief U.S. economist at MFR Inc.
Market reaction: Stocks opened higher on Friday as investors digested the retail sales data. The Dow Jones Industrial Average DJIA, -0.96% was up 117 points in mid-morning trading.

Under your hero the obummer manufacturing jobs were leaving this country at the rate of 2000 per month.

They are coming back under Trump.

Must suck to be you.

You have some imagination.

 

[sparky]

Trump is working hard to fill Trump's pocket.

Trump is a diehard Reganista w/policies that follow suit

But then i'd expect American billionaires to feign belief in it all ....

~S~

 

[kyzr]

Industrial Production Index

rather malleable.....>

Industrial Production Index

the source is also slippery as a snake>

Board of Governors of the Federal Reserve System

~S~

Just looking at 2008-now, Obama started in the "great recession" so the dip went from 105 in 2008, to about 87 in 2009, back up to about 106 in 2015.
Trump gained to about 110, so we'll see where it goes from now. The main point is that Trump is working hard to bring US jobs back. If union strikes or Boeing's stupidity hurt the index, that's not on Trump. Without Trump the fall from 2015-2016 would have kept sliding down because "those jobs are not coming back".
View attachment 292921

Trump is working hard to fill Trump's pocket.

Got a link for that?

 

[MeBelle]

...and Mr Trump is keeping more illegals/lower educated/etc out of the US = keeps them from lowering wages-committing fraud-crime-etc

Cept he likes the "poorly educated", like at his rallies, that way he can BS all of you trampers.

In the non-urban dictionary "poorly educated" means non-indoctrinated by leftist professors, i.e. people with "common sense".

No its means "poorly educated". Poor and not educated and that is who voted for tramp.

Look sister, you can hardly write.

Did you vote for Trump?

Hell no. I have heard of tramp for years, I knew he was a scam artist, and he is BS you all right now, but you know it,

you love his tax cuts,
you love his no need to have ins.
you love his abortion stance
you love his taking away health ins and food for the needy,
but most of all

you are intolerant of non whites.

Playing the race card ---- means you have lost the debate.

 

[Denizen]

Industrial Production Index

rather malleable.....>

Industrial Production Index

the source is also slippery as a snake>

Board of Governors of the Federal Reserve System

~S~

Just looking at 2008-now, Obama started in the "great recession" so the dip went from 105 in 2008, to about 87 in 2009, back up to about 106 in 2015.
Trump gained to about 110, so we'll see where it goes from now. The main point is that Trump is working hard to bring US jobs back. If union strikes or Boeing's stupidity hurt the index, that's not on Trump. Without Trump the fall from 2015-2016 would have kept sliding down because "those jobs are not coming back".
View attachment 292921

Trump is working hard to fill Trump's pocket.

Got a link for that?

Donald Trump is ordered to pay $2 million for charity fraud

Donald Trump's favorite charity is Donald Trump.

Please don't thank me.

 

[sparky]

Industrial Production Index

rather malleable.....>

Industrial Production Index

the source is also slippery as a snake>

Board of Governors of the Federal Reserve System

~S~

Just looking at 2008-now, Obama started in the "great recession" so the dip went from 105 in 2008, to about 87 in 2009, back up to about 106 in 2015.
Trump gained to about 110, so we'll see where it goes from now. The main point is that Trump is working hard to bring US jobs back. If union strikes or Boeing's stupidity hurt the index, that's not on Trump. Without Trump the fall from 2015-2016 would have kept sliding down because "those jobs are not coming back".
View attachment 292921

Trump is working hard to fill Trump's pocket.

Got a link for that?

Donald Trump is ordered to pay $2 million for charity fraud

Donald Trump's favorite charity is Donald Trump.

Please don't thank me.

In January 2016, Trump, fueding with Fox News, skipped the cable news channel’s Iowa debate and instead counter-programmed a charity fundraiser, ostensibly to benefit veterans, in Des Moines. The event raised more than $2 million, but documents filed in the lawsuit show that Trump’s foundation ceded total control of how the money would be disbursed to Trump’s campaign.

How low can U go?

~S~

 

[Denizen]

rather malleable.....>

Industrial Production Index

the source is also slippery as a snake>

~S~

Just looking at 2008-now, Obama started in the "great recession" so the dip went from 105 in 2008, to about 87 in 2009, back up to about 106 in 2015.
Trump gained to about 110, so we'll see where it goes from now. The main point is that Trump is working hard to bring US jobs back. If union strikes or Boeing's stupidity hurt the index, that's not on Trump. Without Trump the fall from 2015-2016 would have kept sliding down because "those jobs are not coming back".
View attachment 292921

Trump is working hard to fill Trump's pocket.

Got a link for that?

Donald Trump is ordered to pay $2 million for charity fraud

Donald Trump's favorite charity is Donald Trump.

Please don't thank me.

In January 2016, Trump, fueding with Fox News, skipped the cable news channel’s Iowa debate and instead counter-programmed a charity fundraiser, ostensibly to benefit veterans, in Des Moines. The event raised more than $2 million, but documents filed in the lawsuit show that Trump’s foundation ceded total control of how the money would be disbursed to Trump’s campaign.

How low can U go?

~S~

Miles over Donald Trump's head.

 

[Mac-7]

Trump starts a far left tariff war.

The trade deficit widens to an all time record, the nine year climb of the Dow screeches to a halt, GDP growth plunges to 1.9 percent, the manufacturing index dives, and the tards declare success!

You cant reverse 40 years of bad trade policy in 40 months

 

[g5000]

Trump starts a far left tariff war.

The trade deficit widens to an all time record, the nine year climb of the Dow screeches to a halt, GDP growth plunges to 1.9 percent, the manufacturing index dives, and the tards declare success!

You cant reverse 40 years of bad trade policy in 40 months

Our trade policies have been awesome. Our goods have been inexpensive, thanks to how awesome they are.

You've been hoaxed by Trump.

Wakey wakey!

 

[Mac-7]

Trump starts a far left tariff war.

The trade deficit widens to an all time record, the nine year climb of the Dow screeches to a halt, GDP growth plunges to 1.9 percent, the manufacturing index dives, and the tards declare success!

You cant reverse 40 years of bad trade policy in 40 months

Our trade policies have been awesome. Our goods have been inexpensive, thanks to how awesome they are.

You've been hoaxed by Trump.

Wakey wakey!

Our trade policies have made Walmart employees out of skilled manufacturing workers

And at lower pay

 

[g5000]

Trump starts a far left tariff war.

The trade deficit widens to an all time record, the nine year climb of the Dow screeches to a halt, GDP growth plunges to 1.9 percent, the manufacturing index dives, and the tards declare success!

You cant reverse 40 years of bad trade policy in 40 months

Our trade policies have been awesome. Our goods have been inexpensive, thanks to how awesome they are.

You've been hoaxed by Trump.

Wakey wakey!

Our trade policies have made Walmart employees out of skilled manufacturing workers

And at lower pay

Our education system has failed to keep up with the jobs of the future, and so it has created a generation of Walmart employees.

The days of growing up to work in the same factory as your daddy are long, long gone.

Wakey wakey!

 

[Mac-7]

Trump starts a far left tariff war.

The trade deficit widens to an all time record, the nine year climb of the Dow screeches to a halt, GDP growth plunges to 1.9 percent, the manufacturing index dives, and the tards declare success!

You cant reverse 40 years of bad trade policy in 40 months

Our trade policies have been awesome. Our goods have been inexpensive, thanks to how awesome they are.

You've been hoaxed by Trump.

Wakey wakey!

Our trade policies have made Walmart employees out of skilled manufacturing workers

And at lower pay

Our education system has failed to keep up with the jobs of the future, and so it has created a generation of Walmart employees.

The days of growing up to work in the same factory as your daddy are long, long gone.

Wakey wakey!

Our education system has failed to keep up with the jobs of the future, and so it has created a generation of Walmart employees.

I agree

But there will always be Americans who need simple jobs and simple jobs that need people - hopefully Americans