DATA VIEW: US INDUSTRIAL PRODUCTION UPDATE - STALLING TRENDS
Situation at industrial production in the US hints of a stalled recovery around 2008 highs, which is a risk, considering the fact that current base year for the indices was recently updated to 2012 (so there is no base effect in the index now)
Total industrial production has recovered past its 2008 highs, but stalled somewhat at current levels since about a year ago.
Manufacturing, on other hand, did not yet recover completely, however also stalled at current levels together with total index.
Thus overall the situation in the indices hints of a slowdown in growth, which is not a crisis situation, but is already a risk factor to watch.
Total industrial production has recovered past its 2008 highs, but stalled somewhat at current levels since about a year ago.
Manufacturing, on other hand, did not yet recover completely, however also stalled at current levels together with total index.
Thus overall the situation in the indices hints of a slowdown in growth, which is not a crisis situation, but is already a risk factor to watch.
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