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Vehicle sales, Retail sales, Industrial production

Summary:
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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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:

Vehicle sales, Retail sales, Industrial production
As with vehicles, the rate of monthly sales has recovered to prior levels, but sales lost during the dip weren’t recovered:

Vehicle sales, Retail sales, Industrial production
Industrial production has had a much weaker recovery and has turned back down:

Vehicle sales, Retail sales, Industrial production
Recovered some but still down from pre covid levels:

Vehicle sales, Retail sales, Industrial production

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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