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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.
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2 comments:

  1. de minimisMarch 12, 2009 at 10:44 PM

    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.

    ReplyDelete
  2. hishamhMarch 12, 2009 at 11:06 PM

    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"

    ReplyDelete