Tuesday, December 19, 2023 4:13 PM EST
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Industrial production has flat-lined over the past year. The YoY growth number is still negative but a bit better in Nov at -.4%. Dec 2022 was bad, so with a flat index for the next 2 months, YoY growth will be positive 1.1% for Dec23 and return to no growth in Jan24.
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We have been onshoring manufacturing. With flat industrial production, as we add to the industrial complex (and modernize), it makes sense that capacity utilization is falling.
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Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the ...
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Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice, or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at info@alhambrapartners.com.
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