The above graph shows the growth of industrial output year-on-year.
Industrial output declined for the second straight month - flat in the past 12 months. Growth is slowing down quite rapidly (see graph).
This is the main reason commodities are weak - all of them from gold to oil to lumber to zinc - as I discuss in great detail in The Peter Dag Portfolio.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Author, Profiting in Bull and Bear Markets
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