worse than expected data on Industrial production in the U.S. fell in February, 1, 4% from the previous month and 11 2% compared to February 2008, co
index n Capacity utilization fell on minimum levels recorded in 1982. The decline implication all sectors with the exception of the production of consumer durable goods, which in February and scored a rebound, 1, 6% compared with January production of motor vehicles driven by recovery in 8, 5 %.
Since the index of industrial production indices of one of the oldest, it is interesting to note that its performance in relation to previous crises.
From the second chart is also known as relevant as the current drop in industrial production have not resulted in equally significant contraction by the gross domestic product, both nominal and real.
Impact most serious of GDP occurred during the Great Depression and the crisis of 1948, however, when industrial production fell by 20-30%, which should not happen in the present situation where the worst predictions come to a decline of 15%, but certainly not excluded.
See also: Employment situation
Feb-09 Jan-09 Durable goods
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