By Matthew Kerkhoff
We’re going to look at a bunch of economic data today, but before we do, there’s something we need to clear up. Most economic data is released in a monthly cadence, but if you focus on monthly figures, you’re going to misinterpret a lot of information.
Here’s a classic example, using industrial production. This chart shows month-over-month changes in industrial production – the metric that most economic calendars will provide. This is also typically how you’ll hear the data reported from the financial media.