Our November Index is up 48.8 percent from the April low of 84. The October- November decline is lower than that of the prior two years.

Our shops’1.6 percent increase from October to November compares favorably to the Fed’s 0.4 percent increase in industrial production and its 0.8
percent manufacturing output gain for the same period. Our November-February shortfall is 6.0 percent, close
to the Fed’s 5.0 percent lower reading. Fed link

Read the full blog on the Speaking of Precision website by Miles Free.