September Federal Reserve Industrial Production: Decline of 0.2 Pct.; Worst Year-Over-Year Performance Since 2009

Predictions, according to Yahoo’s Economic Calendar, are for a decline of 0.2 percent.

Here are the key “before” snapshots:

I’ll post “after” shots after the report appears here at 9:15 a.m.

UPDATE: Here’s the “after” —

The change in overall industrial production was a net goose egg in September, with the month’s 0.2 percent decline offset by upward revisions to previous months. The overall year-over-year increase is now perilously close zero. Based on how relatively strong October and November of 2014 were, the 12-month rolling metric appears destined to go negative in the next month or two. UPDATE: Zero Hedge says that the 0.4 percent year-over-year figure represents “the weakest growth since Dec 2009.”

Manufacturing netted out to a 0.2 percent increase (after adding back upward prior-month revisions of +0.3 percent — including to May [!] to September’s posted -0.1 percent). The year-over-year increase, though not as bad as the overall number, is still very unacceptably low.

Zero Hedge asserts that today’s figures are “signaling the path to recession.” It’s pretty hard to argue against that.