Friday, February 14, 2014

Long-Term Industrial Production Growth

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

No comments: