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

[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".

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

I can give you many logical reasons to vote for Trump over democrats. Here's another logical reason. 6-million manufacturing jobs were moved overseas, many factories moved to China creating "poor folk" who had jobs. Many jobs were lost due to unfair trade practices, i.e. they had high tariffs on US products, and we had no tariffs on their products. Obama said "those jobs are not coming back" and Trump is working to bring many of those jobs back.
Trump is working hard for every new job. New Legislation Would End Tax Incentives to Move Jobs and Profits Offshore

 

[Mac1958]

So for Trumpsters, bad economic news for the country is GOOD news if the Left doesn't like it.

Even with a Republican President.

This is what happens when an ideology takes control of a person. Priorities become warped and unrecognizable.

A cautionary tale, folks. Don't let it happen to you, unless it already has.
.

 

[Denizen]

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

Was it Orange before?

 

[Jitss617]

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

Was it Orange before?

Maybe,, ITS TRUMPS FAULT LOL

why can’t you guys get on board with America’s most successful amazing president this country has ever had?

 

[sparky]

Is wasn't any color Den

how's about a 2007-2019 chart?

maybe a 1997-2019 chart?

see where i'm going?

~S~

 

[Denizen]

Trump is causing loss of jobs in US manufacturing.

In Obama's first two years the manufacturing index rose 13% while Trump has achieved 5%.

On every economic indicator, Barack Obama outperformed Donald Trump.

We just got the latest sign the US is losing manufacturing jobs — the opposite of what Trump's trade wars were supposed to accomplish | Markets Insider

Industrial Production Index

 

[Denizen]

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

Was it Orange before?

Maybe,, ITS TRUMPS FAULT LOL

why can’t you guys get on board with America’s most successful amazing president this country has ever had?

Obama? Clinton?

 

[Harpy Eagle]

'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.

More lies from you...at least you are consistent. The drop in manufacturing jobs ended in Feb of 2010 and they have been climbing ever since. Nothing to do with Trump

 

[Harpy Eagle]

'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??

It is a waste of time to ask, he is a chicken shit that never supports his own claims.

 

[Jitss617]

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

Was it Orange before?

Maybe,, ITS TRUMPS FAULT LOL

why can’t you guys get on board with America’s most successful amazing president this country has ever had?

Obama? Clinton?

Did you just say Obama lol hahhhhahahha hahahahhaha hahaha

 

[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~

 

[DBA]

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.

Sure, and those "poorly educated", the ones that make above 100k/yr vote Republican and for Trump. Also looks as though the "less educated" argument is also debunked. See the thing is, we are just as educated and obviously more successful, which implies more intelligent as well. Sorry to burst your bubble. Read the whole article. It may enlighten you a bit.

Per the left-wng Washington Post:

Moreover, according to what is arguably the next-best measure of class, household income, Trump supporters didn’t look overwhelmingly “working class” during the primaries. To the contrary, many polls showed that Trump supporters were mostly affluent Republicans. For example, a March 2016 NBC survey that we analyzed showed that only a third of Trump supporters had household incomes at or below the national median of about $50,000. Another third made $50,000 to $100,000, and another third made $100,000 or more and that was true even when we limited the analysis to only non-Hispanic whites. If being working class means being in the bottom half of the income distribution, the vast majority of Trump supporters during the primaries were not working class.

But what about education? Many pundits noticed early on that Trump’s supporters were mostly people without college degrees. There were two problems with this line of reasoning, however. First, not having a college degree isn’t a guarantee that someone belongs in the working class (think Bill Gates and Mark Zuckerberg). And, second, although more than 70 percent of Trump supporters didn’t
have college degrees, when we looked at the NBC polling data, we noticed something the pundits left out: during the primaries, about 70 percent of all Republicans didn’t have college degrees, close to the national average (71 percent according to the 2013 Census). Far from being a magnet for the less educated, Trump seemed to have about as many people without college degrees in his camp as we would expect any successful Republican candidate to have.

https://www.washingtonpost.com/news...yth-most-trump-voters-were-not-working-class/

 

[sparky]

On every economic indicator, Barack Obama outperformed Donald Trump.

devil details Den....

one can buy a LOT of prosperity when one sits in the offal office>>>

~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".

 

[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.

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.

 

[georgephillip]

'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.

Since last September the Fed has been pumping trillion$ into Wall Street casinos much like it did in 2008:

Federal Reserve Spokesman Explains How It Creates Money Out of Thin Air to Pump Out to Wall Street

"Today, the U.S. is supposedly still in an economic expansion with an unemployment rate of 3.5 percent, one of the lowest rates in the past half-century, and yet the Fed has reinstituted a massive money pumping operation to Wall Street. (See Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes.)

"The Fed’s crisis-era quantitative easing programs had something in common with the Congressionally-approved Troubled Asset Relief Program (TARP).

"Both were shiny objects to distract the public from the obscenely giant money funnel that the Fed was secretly providing to Wall Street through a mish-mash of acronyms too numerous for anyone to keep track of.

"When the Levy Economics Institute tallied it all up, the tab came to $29 trillion in cumulative loans and other forms of relief to bail out Wall Street.

"See Table 16 at this link. (The $29 trillion includes $1.85 trillion in purchases of agency mortgage-backed securities that overlap with part of the Fed’s quantitative easing operations.)"

If Trump's indifference/stupidity tanks the economy before next November...

 

[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.

Do you have a link for those assumptions??

It is a waste of time to ask, he is a chicken shit that never supports his own claims.

You just perfectly described Donald Trump.

 

[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.

Actually, dumbass, the ISM index was above 50 for several years before Trump.

Trump's failing tariff war has tanked the manufacturing industry.

Okay. You can go back to putting your hands over your eyes and ears again.

 

[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.

 

[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!