Electricity production falling

In November I observed that US electricity production had remained stagnant since 2008. Basically, manufacturing had stalled. The December 2015 decline to 95 shows a far more worrying event: manufacturing is now shrinking.

Electricity Production Index

Decline of the ISM Manufacturing PMI Composite Index below 50 tends to bear this out. But a secular decline would be far more serious than your common-or-garden-variety cyclical contraction.

ISM Manufacturing: PMI Composite Index

2 thoughts on “Electricity production falling

  1. Ken says:

    Does this measure of electricity production count the renewables, including domestic solar generation? Domestic solar has boomed over the last 10 years in some areas.

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