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US industrial production still ambiguous [ClearOnMoney]

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US industrial production still ambiguous

16 Jan 2013 by Jim Fickett.

Today the Federal Reserve released industrial production figures through December. Growth has been low and the year-over-year change is below the long-term average. On the one hand, it is common for the year-over-year change to dip down mid-expansion, and then recover. On the other hand, it is also common for it to dip at the beginning of a recession. As with many other current economic indicators, this one suggests caution about a possible upcoming recession, but yields no definite warning sign yet.