Thursday, March 12, 2009

Down The Slippery Slope: January IPI

A picture is worth a thousand words (log changes in IPI over the same period last year):

and here's the month on month (log changes in IPI over the previous month):

Unfortunately, DOS have changed the base of the index to 2005 starting this month, which precludes any deeper analysis until I get my hands on the complete time series and splice it into the old one. It's clear however that the carnage is largely in manufacturing.


  1. This is good work, bro. It really is much easier to look at a visual representation of the IPI and other economic indicia via charts. i'm looking forward to your adjusted charts.

  2. Thanks. This is the way I usually do presentations - lots and lots of charts, less talking. I generally only talk about implications, not the numbers themselves. "Always add value"