Further Plateau Likely Given Mixed Economic Signals and Divergent Components; Growth in 2025-2026
The US Industrial Production Index is an index of total industrial production in the United States; including manufacturing, mining, and utilities.
ITR Economics has classified this index as being in phase D of the business cycle. Phase D or “Recession” occurs when the annual growth rate (12/12) is declining, and the rate of growth is negative. We denote this phase with red (for warning).
ITR forecasts the annual growth rate for 2024 at -0.8%, 2.2% in 2025, and 2.1% in 2026.
