Apr
26

Economic Expansion

industrial productionWhile industrial production (one of four indicators used to determine recessions) has fallen six of the past seven months, it’s not flashing recession. Manufacturing, which comprises 78.48% of the index is down just 0.4% Y-o-Y. By contrast, mining and utilities each of which are 10.76% of the index, are down 12.9% and 7.7% Y-o-Y respectively and their declines are largely due to collapsing global energy/commodity prices and unseasonably warm weather.

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