Tag Archives: King of Coincident Indicators

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

 – by New Deal democrat I call industrial production the King of Coincident Indicators, because more often than any other metric it coincides with the peaks and troughs of economic activity as determined by the NBER, the official arbiter of recessions. Unlike retail sales, the news this morning for October was not so good. While manufacturing production did increase +0.2% to a new post-pandemic high, overall production declined -0.1% for...