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This is an update to Friday's industrial production post.


Click to enlarge.

The correlation is the same 0.985 it was on Friday. If you squint, you can see that August was a good month. It did come in slightly above trend, but not by all that much in the grand scheme of things.

Since all I really care about is the underlying long-term trend, let's eliminate much of this monthly noise by using 12-month moving averages instead.


Click to enlarge.

I have rarely seen a more perfect parabola in all of economics; and we are currently riding right on top of it.

Source Data:
St. Louis Fed: Industrial Production Index
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Posted by: Tukiyooo Parabolic Industrial Production Updated at : 9:43 AM
Monday, September 16, 2013

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