Discussion Paper

Industrial Production vs. Goods GDP: Two Sides of the Same Coin?

Abstract: Since the early 2000s, there has been a growing divergence between the index of industrial production (IP) and the goods component of GDP—hereafter, goods GDP—breaking the close correlation the two series had maintained in earlier decades (figure 1). This note revisits the factors behind this divergence and provides a novel quantification of their role.

https://doi.org/10.17016/2380-7172.3672

Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2025-01-10

Number: 2025-01-10-2