16 Jun 2012 by Jim Fickett.
Yesterday the Federal Reserve reported industrial production through May. The month-to-month changes are very noisy but the main upward trend seems to be intact.
The year-over-year change stands at about 5, well above the long-term average of 3.3.
All in all, industrial production, one of the most important indicators of the short-term health of the economy, is growing in a normal way.