Pantheon Macroeconomics - Manufacturing does not consistently lead the rest of the economy. Neither does it consistently lag. On average, turning points in the rates of growth of manufacturing output and GDP are coincident, as our first chart clearly shows. But coincidence is not causality.

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19 Feb. 2016 Weak Manufacturing is a Serious Problem, for Manufacturers

By Ian Shepherdson

Manufacturing does not consistently lead the rest of the economy. Neither does it consistently lag. On average, turning points in the rates of growth of manufacturing output and GDP are coincident, as our first chart clearly shows. But coincidence is not causality.

Posted: 19th Feb 2016 in 'U.S. Documents'

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