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US industrial production flat but no evidence of change in trend [ClearOnMoney]
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US industrial production flat but no evidence of change in trend

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Commentary

US industrial production flat but no evidence of change in trend

15 Feb 2012 by Jim Fickett.

Today the Federal Reserve released industrial production figures through January. As usual, headlines focused myopically on the month-to-month change, which was 0.0%. But the month-to-month changes are not only very noisy, they get heavily revised – the Nov to Dec change was revised from 1.0% to 0.4%. Looking at the bigger picture, there is no evidence that the uptrend is broken (and the year-over-year change, at 3.4%, remains very close to the long-term average of 3.34%):

(Data and graph courtesy of the Federal Reserve; click for larger image.)