Industry Production Drop(largest Production decline since April 2003)

[papau]

Industry Production Drop(largest Production decline since April 2003)
http://story.news.yahoo.com/news?tmpl=story&ncid=716&e=...

Wholesale Prices, Industry Production Drop

By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - Wholesale prices fell by 0.3 percent in June and big industry production was down as well, unexpected developments that one analyst likened to the economy hitting a speed bump.<snip>

Separately, the Federal Reserve reported that industrial production at the nation's factories, mines and utilities dropped 0.3 percent in June, it marked the largest decline since April 2003. That followed a 0.9 percent advance in May.

June's performance was weaker than the 0.1 percent rise analysts were predicting.

Factory production dipped 0.1 percent in June, down from a 0.6 percent advance. Output at utilities, which jumped 3.7 percent in May, declined 2.3 percent in June as temperatures returned to more normal levels after being unseasonably high in the previous month. Mining output nudged up 0.1 percent, after being flat in May. <snip>

[The_Casual_Observer]

1. hitting a speed bump

That's what one analyst calls it. This analyst calls it indicative of an economic disinformation fraud not at all unlike the WMD fraud, the Medicare drug benefit fraud, No Child Left Behind Fraud, the Tax Cut will help the middle class fraud, and the I won in 2000 fraud.

[papau]

2. True - but our media can only say sex, fraud, and lie if referring to Dems

For Bush and the GOP we do not used harsh judgmental, fact based if the facts show lying and fraud, words.

:-)

[cosmicaug]

3. Link.

That link didn't work for me. Try http://news.yahoo.com/news?tmpl=story&u=/ap/20040715/ap_on_bi_go_ec_fi/economy_45 .

[On the Road]

4. Uh-Oh -- This Seems to be Turning into a Trend

Numbers have been mixed all year, but it seems like a whole slew of negatives the last few weeks.

[Frodo]

5. "Numbers have been mixed all year"?

I think that number is currently 6% above last year's comparable figure. Not exactly "mixed"

If you mean "some up and some down months", sure. But "how far" up or down makes a difference. There have been two slightly negative months, one "blah" positive (~.2%), and four HOT months (+.6% to +1%).


Here's a graphical depiction of the "trend".

[On the Road]

6. I Meant All Economic Numbers Taken Together

My impression has been of a choppy recovery with a long lag in employment and questions about its sustainability.

I hadn't seen that particular graph. But for every number which exceeds expectations, there seem to be at least one that falls below.

[papau]

7. Proving that if you had a lousy prior year , yr to yr comparisons are fun!

But I suspect where do we go from here is of more interest -

and at the moment - the manufacturing recovery seems stalled.

Time for more service and at home jobs!