The relationship between manufacturing production and goods output

Charles Steindel

Current Issues in Economics and Finance, 2004, vol. 10, issue Aug

Abstract: The sharp divergence in the 2001 recession between two key economic indicators-manufacturing production and goods output-could suggest that one indicator is flawed, casting doubt on the reliability of its overall series. This analysis finds no evidence of error. Rather, the strength of spending on consumer-relative to capital-goods and the growth of merchandising services in the sale of consumer goods more likely explain the recent deviation.

Keywords: Gross domestic product; Manufactures; Economic indicators (search for similar items in EconPapers)
Date: 2004
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