Industrial Production: Three Consecutive Strong Months
From the Federal Reserve on Tuesday:
Industrial production rose 0.7 percent in April for its third consecutive monthly increase. At 107.3 percent of its 2012 average, total industrial production in April was 3.5 percent higher than it was a year earlier.
The currently posted February, March and April increases are 0.4 percent, 0.7 percent, and 0.7 percent, respectively. That 1.8 percent result in three months would annualize to 7.4 percent if sustained.
At the end of the Obama era, industrial production was treading water. In the January 2017 report, “The overall 12-month change … (was) a goose egg.”
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