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

[Denizen]

'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.

 

[my2¢]

I'll give Trump the benefit of doubt about the poor numbers. Strike at GM and especially the self inflicted damage at Boeing can't be blamed on him.

 

[harmonica]

MAGA and pissing off leftists = I LOVE it!!

 

[westwall]

'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.

 

[kyzr]

Denizen keeps hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

 

[Meathead]

'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.

Didn't know Trump was leading the GM strike.

 

[harmonica]

Denizen keep hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

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

 

[Mac1958]

MAGA and pissing off leftists = I LOVE it!!

Are you happy about this?

Are you that deep into the alternate universe?
.

 

[Penelope]

'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.

Do you have a link for those assumptions??

 

[Penelope]

Denizen keep hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

...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.

 

[kyzr]

Denizen keep hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

...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".

 

[Penelope]

Denizen keep hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

...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.

 

[Jitss617]

Lol the color of my dogs pop in blue! It’s trumps fault lol

 

[Meathead]

MAGA and pissing off leftists = I LOVE it!!

Are you happy about this?

Are you that deep into the alternate universe?
.

I don't know about him but for me as a rule of thumb, the more pissed off the left is, the better the country is doing

 

[Meathead]

Denizen keep hoping for the next recession. Its nowhere to be seen, yet. The Fed is on "hold" for a few months, and their next move will probably be one more cut. The US economy is at full employment, people are working and people are happy.

Keep whining Denny, we know why you're not bragging on any of your presidential candidates. They all suck.

...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?

 

[Denizen]

'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.

Didn't know Trump was leading the GM strike.

Trump works most effectively from the rear. Bone spurs are more painful at the front.

 

[Denizen]

I'll give Trump the benefit of doubt about the poor numbers. Strike at GM and especially the self inflicted damage at Boeing can't be blamed on him.

Your opinion is worth 2 cents. Trump loves you.

 

[Denizen]

'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.

Are you professing 'suck' expertise?

 

[Mac1958]

MAGA and pissing off leftists = I LOVE it!!

Are you happy about this? Are you that deep into the alternate universe?

I don't know about him but for me as a rule of thumb, the more pissed off the left is, the better the country is doing

Sorry to hear that. Not a real surprise, but sorry to hear that.
.

 

[Meathead]

MAGA and pissing off leftists = I LOVE it!!

Are you happy about this? Are you that deep into the alternate universe?

I don't know about him but for me as a rule of thumb, the more pissed off the left is, the better the country is doing

Sorry to hear that. Not a real surprise, but sorry to hear that.
.

Get well soon.