Heterodox
Industrial production continues in near-recessionary trajectory – by New Deal democrat In contrast to this morning’s good news on consumption, production continued its lackluster 2023 all the way to the end. Total industrial production (blue in the graph below) increased 0.1% in December, but revisions to the two previous months totaled -0.2%, so the net result was a -0.1% decrease compared with where we thought we were in November....
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