Deepening Recession

Second-Quarter 2016 Industrial Production Continued to Sink,
Quarter-to-Quarter and Year-to-Year

Outside of Recession, a Third Consecutive Quarter of Annual Contraction
Is Unprecedented in the 97-Year History of the Production Series

Never Recovering Its Pre-Recession High, the Manufacturing Sector Was
Down by 6.55% (-6.55%) from Its December 2007 Peak

Having Had a One-Month Recovery in November 2014; Production  
Was Down by 2.94% (-2.94%) from Its “Recovery” Peak, and by  
2.06% (-2.06%) from Its November 2007 Pre-Recession High  

Tentative Respite for the Mining Sector?

May 2016 PPI Goods Inflation Rose by 0.66% Month-to-Month,
PPI Services Profit Margins Rose by 0.18%,
Leaving Aggregate Final-Demand PPI Inflation Up by 0.36%

Year-to-Year PPI Final-Demand Inflation Fell by 0.09% (-0.09%)

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