Industrial production continues strong growth If real retail sales (reported on in the prior post) is the best proxy for the health of the consumer, Industrial production, the King of Coincident Indicators, is the same for production.  And the news there was also very good. Overall production rose 0.9% in December, and the manufacturing component […]

by Rebecca Wilder Euro Area ‘Hard Data’ Catching Up with the ‘Soft Data’ – Industrial Production Euro area industrial production (ex construction) declined 0.8% in the month of April. Across the major sectors, the largest decline occurred in capital goods; however, the trend in consumer and intermediate goods is worse than that of capital goods. […]