Automobile production figures through Q1 were released this morning. I pay close attention to these numbers as contractions in automobile production has tended to lead recessions (see below).
Gray bars indicate recessions. Blue line is monthly production figures. Orange line is annual.
Per CNBC: “Motor vehicles and parts production dropped 2.5 percent last month after increasing 2.3 percent in February. An inventory overhang in the automobile sector is weighing on production, contributing to factory employment declining in March for the first time since July 2017.” Continue reading “Auto Production Figures, Inventories and 0% Financing on New Trucks”