Positive revisions make for a good March industrial production report – by New Deal democrat If retail sales for March were bad, industrial production (blue in the graph below) was at very least mixed to the upside. Total production increased +0.4%, and on top of that February was revised higher by +0.2%, and January was […]
September industrial production comes in very strong – by New Deal democrat September’s industrial production report puts the final nail in the coffin in the notion that the US is already in recession. I call industrial production the King of Coincident Indicators because, more than any other single metric, it coincides with the peaks and […]
Industrial production heats up in July If the news in the housing sector this morning was bad, the news from the King of Coincident Indicators, industrial production, was quite good. Total production rose 0.6% to a new all-time high. Manufacturing production rose 0.7%, and is below its April peak by only -0.1%: Barring downward revisions, […]
June industrial production: second sharp monthly decline in manufacturing – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]
Industrial production continues to show excellent growth I call industrial production the King of Coincident Indicators, because it speaks volumes about where the economy is at any particular moment, and empirically is the indicator whose peaks and troughs coincide most definitively with NBER recession dates. In April the story told by industrial production continued to […]
RJS; MarketWatch 666 Summary: March industrial production: G17 release on Industrial production and Capacity Utilization for March indicates industrial production rose 0.9% in March after rising by a revised 0,9% in February and a revised 1.0% in January, which left production 5.5% higher than a year ago. Industrial Production Rose 0.9% to Highest on Record in […]
Industrial production nowcasts that the economy continues to perform well Industrial production increased in February by 0.5%, its highest reading ever with the exception of two months in 2014, and the second half of 2018. Manufacturing production increased 1.2%, also its highest ever with the exception of 24 months from late 2006 through early 2008: […]
. . And Industrial Production isn’t too shabby, either Industrial production, the King of Coincident Indicators, was reported for October this morning in addition to real retail sales, discussed already in my last post. – and it was also quite positive. Total production increased 1.6% during the month, and manufacturing production increased 1.3%. This was […]
September industrial production turns down, but no major cause for concern Industrial production is the King of Coincident Indicators. This morning’s report for September was negative, and August was revised downward, taking total production back below pre-pandemic levels. Total production decreased -1.3% in September, and the manufacturing component decreased -0.8%. The August reading for each […]
Industrial production now exceeds pre-pandemic level Industrial production, the King of Coincident Indicators, was reported this morning for August and was positive in a particularly significant way. Total production increased 0.4% in August, and the manufacturing component increased 0.1%. Nothing particularly special about that; in fact the manufacturing component was a little weak compared with […]