With President Trump’s reelection campaign hinging on his ability to convince people that reality isn’t real, his message that the US is in a mindblowing economic comeback was dealt another blow with the release of August’s US industrial production, which rose just 0.4%, according to the Associated Press.
The Federal Reserve report shows a sharp stoppage of production in August, compared to increases of 3.5% in July and 6.1% in June.
Overall in August, manufacturing increased 1%; mining, including gas and oil production, fell 2.5%; and utility, including energy production, fell 0.4%.
Trump has touted his economic record as one of the cornerstones as the rationale to reelect him. He claims that the US economy is roaring back, when in actuality nearly a million people are applying for first time unemployment claims each week and key economic indicators are either steady or falling.