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Industrial Production: Total IndexIndustrial Production: Total IndexIndustrial Production: Total Index

Industrial Production: Total Index

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Lag for StatsHow about an indicator that shows the days from the last data point of a statistical chart, such as PMI or any government state, to the current date. Showing the lag before the release of data. Just seems to me that in these difficult days that government may be fudging the numbers. Also holding back on the release of stats for public consumption. Maybe they release it to some, but hold back to providers like TV. I do not know. But I would like to be able to see if they do. Anyone out there want to take up the challenge to make such an indicator? Which may warn us when there is bad economic news on the horizon.
FRED:INDPRO
by Steven678
Indicators-Economic Data, Don't Knock IT Until You Have Tried ItWhen looking at the Industrial production Index (one of the best forecasters of future recessions) you noticed every top over 50 years, has been marked by a significant angle divergent. @nmike a long time ago introduced me to RSI (50) and how to properly use the indicator. He just recently revisited this topic and I started looking through economic data. What I found was exception results. To use RSI (50) to scan charts for divergences or support you often compare RSI to price. When you see price (in the case economic data) going up and RSI going down, that is what we call divergence. When you have Price up and RSI down, that usually calls for a top and future pullback. Using RSI with Industrial Production we can call a recession before a recession is underway. Being able to see a large divergence between Economic Data and RSI, we can also assume a major market correction is under way.
FRED:INDPROLong
by QuantitativeExhaustion
11
Industrial Production -- Rolling 12 Month Percent Change StrongIn the top pane is this month's latest Industrial Production Index, compared against the SPY, both on a Monthly timeframe. Plotted in the second pane is the rolling 12 month percent change in industrial production. The IPI is an indicator prepared by the Federal Reserve Board using data from the Bureau of Labor and Statistics to measure the total output from several key industrial production industries: Manufacturing, Mining, Electricity, and Gas specifically. The reason why I found this chart interesting is twofold. One, although I would not use it as a rote timing indicator, the tendency for the past several decades is that high industrial production is reflected by positive market returns on a long-term timeframe. Two, and more topically, a popular meme in the financial media is that industrial production in America is weak, and this shows that not only is the absolute level of output making a new high, but the rate of change YoY is also accelerating over prior months. The most recent YoY value of 6.077% is the highest reading since February 2011.
FRED:INDPROLong
by SPYderCrusher
3