The following chart shows the annualized industrial production growth over the previous 30 years.
Click to enlarge.
As seen in the red trend line, the growth rate is exponentially decaying over the long-term.
The next chart shows where we are relative to the exponential decay trend line.
Click to enlarge.
We're well above trend and it is not the first time.
Source Data:
St. Louis Fed: Industrial Production Index
U.S. Births decreased in 2023
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From the National Center for Health Statistics: Births: Provisional Data
for 2023. The NCHS reports:
*The provisional number of births for the United State...
1 hour ago
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