The relationship between manufacturing production and goods output
AbstractThe 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.
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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.
Volume (Year): 10 (2004)
Issue (Month): Aug ()
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- Hamid Faruqee & Douglas Laxton & Dirk Muir & Paolo Pesenti, 2006.
"Would protectionism defuse global imbalances and spur economic activity?: a scenario analysis,"
268, Federal Reserve Bank of New York.
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- Robert E. Yuskavage, 2006. "Distributive Services in the U.S. Economic Accounts," BEA Papers 0064, Bureau of Economic Analysis.
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