July’s US Industrial Production … Returns To 2007 Levels Despite Staggering Fed Monetary Stimulus And Federal Government Spending Spree

As August 2023 unfolds, US Industrial Production for July has merely reached 2007 levels, despite extensive spending from Washington DC and significant stimulus from the Federal Reserve.

Is this the best result we could anticipate?

In year-over-year terms, US Industrial Production is on a decline, registering a decrease of -0.23%, even if it shows a slight month-on-month uptick.