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US industrial production growth falling but still in normal range [ClearOnMoney]
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US industrial production growth falling but still in normal range

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Commentary

US industrial production growth falling but still in normal range

18 Jan 2012 by Jim Fickett.

Today the Federal Reserve reported US industrial production data through December. Here is their usual graph:

I have been saying for a while that the post-recession bounce has slowed a bit, but that growth is still normal. In order to visualize this, here is the year-over-year change:

It is quite clear that the growth rate has slowed gradually over the last two years or so. It is equally clear that (1) such moderations in the middle of an expansion are quite common, and (2) the actual growth rate is still near the long-term average (the dashed blue line).

The rocky recovery is still intact.