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<ul><li><a href="https://www.forexlive.com/news/us-industrial-production-for-november-comes-in-at-02-versus-01-estimate-20221215/" target="_blank" rel="follow">Prior </a>was -0.2%</li><li>Capacity utilization 78.8% vs 79.6% expected</li><li>Prior capacity utilization 79.7%</li><li>Manufacturing output -1.3% vs -0.3% expected</li><li>Prior manufacturing output -0.6%</li></ul><p>This is a miss but I don't see it as a huge surprise. The manufacturing numbers have been trending down for awhile and PMIs have disappointed. I'm not sure what the consumer will do in 2023 but manufacturing is undoubtedly in a recession. That said, it's a 'recession' from elevated post-pandemic levels so I'd look at it more as a normalization.</p>

                This article was written by Adam Button at www.forexlive.com.