Industrial Production Plunges 0.6%, February Revised Lower: Weather? Autos? A Look in Pictures

April 15, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

The Federal Reserve Industrial Production and Capacity Utilization report shows Industrial production decreased 0.6 percent in March.

Revisions took February to -0.6 from -0.5, and January from +0.6 to +0.5.

Is the weather to blame?

The report shows “For the first quarter as a whole, industrial production fell at an annual rate of 2.2 percent. A substantial portion of the overall decrease in March resulted from declines in the indexes for mining and utilities, which fell 2.9 percent and 1.2 percent.”

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