Click to enlarge.
As seen in the red trend line, the growth rate is exponentially decaying over the long-term.
The next chart shows where we are relative to the exponential decay trend line.
Click to enlarge.
We're well above trend and it is not the first time.
Source Data:
St. Louis Fed: Industrial Production Index
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Posted by: Tukiyooo
Long-Term Industrial Production Growth Updated at :
8:50 AM
Friday, February 14, 2014
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