Industrial production fell 1.4% in February after declining 1.9% in January. Capacity utilization was down to 70.9, an historical low. It was at 71.9 in January. The numbers aren’t good but again we see in this series as in others a decline in the second derivative or rate of change. Additionally, utility output declined in February […]
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Prices Stayed Flat In December-Deflation For January?
Posted by Tom Lindmark on January 16th, 2009
As if you needed any further evidence that deflation is not that far away, the CPI for December provided it. Consumer prices fell by 0.7% and the core rate was basically flat. The numbers are seasonally adjusted. Another number that was released was industrial production. It was down 2% for December versus November. That was […]
