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Industrial Production was reported to have gained 0.6% in July on a
seasonally adjusted basis, matching the consensus estimate. This was one
of those rare occasions where the conomists guessed right. However,
that’s not the same as saying the seasonally finagled number is accurate, or accurately represents the trend. It may or may not at any given time.
The actual, not seasonally adjusted number was down 2%. July is
always a down month and this reading is a little better than average for
this month but not as good as the past two years. It was down just
1.4% in July 2011 and 1.6% in July 2010. The average July change over
the past 10 years was -2.8%.http://www.businessinsider.com/us-electricity-consumption-economy-2012-8?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29&utm_content=Google+Reader