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The relationship between manufacturing production and goods output

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Author Info

  • 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): 10 (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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Related research

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," Staff Reports 268, Federal Reserve Bank of New York.
  2. Bruno Tissot & Les Skoczylas, 2005. "Revisiting recent productivity developments across OECD countries," BIS Working Papers 182, Bank for International Settlements.
  3. Robert E. Yuskavage, 2006. "Distributive Services in the U.S. Economic Accounts," BEA Papers 0064, Bureau of Economic Analysis.

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