Macro: Industrial Production – Flat-lined
Industrial production has flat-lined over the past year. The YoY growth number is still negative but a bit better in Nov at -.4%. Dec 2022 was bad, so with a flat index for the next 2 months, YoY growth will be positive 1.1% for Dec23 and return to no growth in Jan24. We have been onshoring manufacturing. With flat industrial [...]
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