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The relationship between manufacturing production and goods output

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  • Charles Steindel

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.

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Bibliographic Info

Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (2004)
Issue (Month): Aug ()
Pages:

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Handle: RePEc:fip:fednci:y:2004:i:aug:n:v.10no.9

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Keywords: Manufactures ; Gross domestic product ; Economic indicators;

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Cited by:
  1. Hamid Faruqee & Douglas Laxton & Dirk Muir & Paolo Pesenti, 2006. "Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis," NBER Working Papers 12704, National Bureau of Economic Research, Inc.
  2. Bruno Tissot & Les Skoczylas, 2005. "Revisiting recent productivity developments across OECD countries," BIS Working Papers 182, Bank for International Settlements.

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