Declining U.S. Industrial Production Signals Recession
Sep 10th, 2008 | By Doug Casey | Category: Politics & EconomicsEvery recession since the government started collecting the data back in the 1920s has been marked by a negative growth in industrial production. The Industrial Production Index measuring U.S. manufacturing, mining, electric and gas utilities, has been declining since January 2008 and just crossed back into negative territory.
Leading the fall has been the slump in new construction supplies, down 5.3% over the past year.
There’s no need to wait for the Federal Reserve to officially declare we’re in a recession. Leading economic indicators, such as the metric in this chart, are a sure sign that it’s time to start preparing for you and your family’s financial future. Catch the exclusive round-table discussion with Doug Casey, the man who literally wrote the book on Crisis Investing, and his top team of analysts in the first-ever Casey Research FREE Online Event. It’s just three days away, Sign up today.
Source: Declining U.S. Industrial Production Signals Recession
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