Today, the Federal Reserve released their monthly read of industrial production showing a notable slowing with total industrial production remaining flat from September but remaining 5.35% above the level seen in October 2009.While this report appears weak, it is too soon to conclude that production is peaking though it's important to acknowledge the extent to which the massive government stimulus played a role in generating the trend since early 2009.
With the the stimulus now waning, it will be important to watch the trend in industrial production to see how sustained the growth truly is.
