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US industrial production is growing at a normal rate [ClearOnMoney]
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US industrial production is growing at a normal rate

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Commentary

US industrial production is growing at a normal rate

16 Apr 2013 by Jim Fickett.

After several months where the annual growth in US industrial production was sub-par, this month the year-over-year growth rate (3.2%) was almost exactly at the long-term average (3.3%).

I am still worried about the long-term deterioration in job growth (US employment situation continues slow loss of momentum), but current indicators, including today's read on industrial production, show the recovery continues for the time being.

(Second graph courtesy of the Federal Reserve. See the Reference page US index of industrial production for sources, background, and past commentary.)