The Big Four Recession Indicators: Industrial Production Unexpectedly Flat in April

Published on May 15, 2025

Industrial production was unexpectedly flat in April, lower than the forecasted 0.2% growth. Compared to one year ago, industrial production is up 1.5%.

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The Big Four Recession Indicators: Real Retail Sales Fall 0.2% in April

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Nominal retail sales in April were up 0.06% month-over-month (MoM) and up 5.16% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 0.16% MoM and up 2.76% YoY.