by Monthly sales rates peaked in 2016 when oil capex collapsed, then leveled off, then started sliding again with the tariffs, then collapsed with the covid shock, and have nearly recovered to the lower levels: As with vehicles, the rate of monthly sales has recovered to prior levels, but sales lost during the dip weren’t recovered: Industrial production has had a much weaker recovery and has turned back down: Recovered some but still down from pre covid levels:
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WARREN MOSLER considers the following as important: Economic Releases
This could be interesting, too:
WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Monthly sales rates peaked in 2016 when oil capex collapsed, then leveled off, then started sliding again with the tariffs, then collapsed with the covid shock, and have nearly recovered to the lower levels:
As with vehicles, the rate of monthly sales has recovered to prior levels, but sales lost during the dip weren’t recovered:
Industrial production has had a much weaker recovery and has turned back down:
Recovered some but still down from pre covid levels:
