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Written by Steven HansenThe headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - and remains in expansion year-over-year due to comparison to the recovery period one year ago. Our analysis shows the three-month rolling average improvement slowed.
April 2021 Headline Industrial Production Improves The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - and remains in expansion year-over-year due to comparison to the pandemic lockdown period one year ago. Our analysis shows the three-month rolling average improved. Analyst Opinion of Industrial Production The best way to view this is the 3-month rolling averages which improved. Note that: Total industrial production increased 0.7 percent in April. The indexes for mining and utilities increased 0.7 percent and 2.6 percent, respectively; the index for ...
March 2021 Headline Industrial Production Improves The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - and now is in expansion year-over-year due to comparision to the pandemic lockdown period one year ago. Our analysis shows the three-month rolling average improved. Analyst Opinion of Industrial Production The best way to view this is the 3-month rolling averages which improved. Note that: In March, total industrial production increased 1.4 percent. The gain in March followed a drop of 2.6 percent in February, which largely resulted from widespread ou...
February 2021 Headline Industrial Production Declines Due To Weather The headlines say seasonally adjusted Industrial Production (IP) declined month-over-month - and remains in contraction year-over-year. Our analysis shows the three-month rolling average marginally improved. Analyst Opinion of Industrial Production The best way to view this is the 3-month rolling averages which improved. Note that: The severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month. Most notably, some petroleum refineries, petroc...
November 2020 Headline Industrial Production Improves But Remains In Contraction The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - but remains deep in contraction year-over-year. Our analysis shows the three-month rolling average improved. Analyst Opinion of Industrial Production The best way to view this is the 3-month rolling averages which improved. Industrial production increased 0.4 percent in November. After having fallen 16.5 percent between February and April, the level of the index has risen to about 5 percent below its pre-pandemic (Februar...