Replying to Avatar Lyn Alden

United States' industrial production is one of the saddest macro charts out there.

Whenever red and blue people yell at each other politically in the past couple decades of rising political polarization, like half of it is explained by this. The pie isn't growing.

https://void.cat/d/Xj1FhMo11SuopDnWQGH1X7.webp

Avatar
SMC 2y ago 💬 1

So

//In 1956, the index of industrial production expanded to include the output of electric and gas utilities along with the measures for manufacturing and mining. These three sectors continue to be the main components of the index today.

Reply to this note

Please Login to reply.

Discussion

Avatar
SMC 2y ago

This would make so much more sense if a few of the 300 sectors that comprise the index were inclcuded... like mining with a 1919=100 weight

https://www.federalreserve.gov/releases/g17/100_years_of_ip_data.htm