The current decline in US manufacturing would be the first time since 1952 that Industrial Production has declined for four straight months without the US economy not being in recession. A worse-then-expected 0.5% MoM plunge - near the worst since 2009, led to a 1.0% drop YoY, the 4th monthly decline...

Another data point to ignore...

Led by a 9.9% YoY crash in mining...biggest since 1983!

If it walks like a duck, quacks like a duck... it must be a recession?