IMCV - Far Longer And Deeper Than Just The Past Few Months
- According to the Federal Reserve, US Industrial Production declined by a large 1.3% in September 2021 from August – with August’s estimate being revised downward to -0.1% month-over-month.
- We’re led to focus on the narrow and immediate concerns with individual monthly circumstances, such as Ida or semis over the last few months, when the entire global industrial base has been off for more than a year.
- The entire global industrial sector hasn’t just had a few bad months easily explained by recent weather and pandemic developments.
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Far Longer And Deeper Than Just The Past Few Months