Post-Hurricane Clean-Up---- Industrial Production Goes Limp

It is very likely that what we are seeing for US industry is what has been slightly more apparent and further along in other places (like retail sales, for one). The big jump in production falls in the immediate aftermath of last summer’s vicious hurricane season. Rather than signal an organic acceleration in the goods economy, it was an anomaly, a one-time boost owing to cleanup and recovery from it.

 

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