Weekly Economic Release Summary: Industrial Production Seems Posed to Contract

1 month ago DieselGasoil Comments Off on Weekly Economic Release Summary: Industrial Production Seems Posed to Contract

[shortened version by dieselgasoil news]

Manufacturing growth has historically been the “canary in the coal mine” for economic trends. The question is what a dead canary means today – because manufacturing is flirting with contraction. One reason to question manufacturing’s canary role is that its contribution to GDP has declined from 14.5 % in 2000Weekly Economic Release Summary: Industrial Production Seems Posed to Contract