Recession Is Over, But Happy Days Have Yet to Return

Zacks.com submits:

It now looks as if the NBER will declare the recession formally ended right around now, or perhaps last month! The final piece of the puzzle fell into place with the Industrial Production (IP) and Capacity Utilization (CU) report.

Total IP rose by 0.5%, which aside from a hurricane-induced rebound in October was the first increase since December 2007, when the economy entered the recession. This is in sharp contrast to the year-over-year decline of 13.1%. In June, IP was down 0.4% and in May it was down 1.1%.

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