from Dirk Ehnts, Econoblog101
I was just looking at US data and found the FRED2 stats for the US Industrial Production Index not so good news:
The index had surpassed the pre-crisis peak from late 2007 in late 2014, but now it is back under its pre-crisis peak. This seems to say that the US has a problem. A fall in the index used to be a sure indicator for an upcoming recession. Let’s see if this time it’s different.