Discover and read the best of Twitter Threads about #IndustrialProduction

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Several things may stand out in this wave of industrial sector surge in #China:…
1. This surge features very different structural changes that deviate temporarily from the historical trend...1/7
The industrial sector is again growing faster than the service sector, which will be the case for quite a while. In Q2 2020, industrial growth was almost 3 percentage points higher than service growth, which was the start of this industrial sector surge in China...2/7
The industrial sector and the non-consumption demands for industrial products are expected to become the pillar of post-pandemic economic growth...3/7
Read 7 tweets
#US #IndustrialProduction numbers were released yesterday for Apr-end. The picture isn't pretty. Showing below how bad it was in the last 2 months in actual numbers. (comparing Feb-end with Apr-end; Grey areas show previous recessions). The index itself declined 15.3% (1)
PART1: Industries underperforming the IP Index

1. #MotorVehicles & Parts - down 80% in 2 months. It's the LOWEST since 1972. (2)
2. #DurableConsumerGoods - down 47% in 2 months (3)
Read 17 tweets

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