Heterodox
April industrial production looks great! – until you account for the March revisions – by New Deal democrat The second of this morning’s three significant economic releases was April industrial production, and here the revisions were very important. In April total production increased 0.5% from March, but March itself was revised downward by -0.5%, so the net result was unchanged. Manufacturing production increased 0.9% from March, but...
Read More »April industrial production looks great! – until you account for the March revisions
