After the shocking surprise plunge in January (led by a big slide in manufacturing output), US Industrial Production was expected to rebound in February.
And while the headline Industrial Production data did rebound, it was much lower than expected (+0.1% MoM vs +0.4% exp)…
However, U.S. factory production slumped for a second month in February, missing forecasts for a pickup, indicating headwinds from the trade war
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