With the release of industrial production figures today, the deceleration in economic activity continues, according to some key indicators noted by the NBER’s Business Cycle Dating Committee (BCDC). Figure 1: Nonfarm payroll employment (dark blue), Bloomberg consensus for October as of 10/16 (light blue square), industrial production (red), personal income excluding transfers in Ch.2012$ (green), … Continue reading Business Cycle Indicators, 16 October