Index of Industrial Production
Industrial production was positive in the first few months of the year and has flattened out more recently, showing a slight decline in June.
The NBER committee defines a recession as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” So to meet the criteria, it’s looking for more than one or two indicators showing weakness and those declines being significant and lasting more than a few months.
This article was provided by Bloomberg News.