Electricity Consumption Reveals A Lot About The Economy And It's Down In The US
The permanent chart page on Industrial Production is updated when new data becomes available. You can bookmark that page for future reference. It’s content is reproduced here.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
No comments:
Post a Comment