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US industrial production and national debt 1980 - 2018

Structural changes in the course of the US industrial production since 1980

Made in USA

Update February 15th, 2019 - The industrial production in the US had been continuously increasing by and large during the twenty years from 1980 to 2000 (in the chart blue colored).

 

This has changed since the year 2000. Like in other industrial countries also in the USA three structural changes in the course of the industrial production emerged. Structural changes in the course of industrial production in industrialized countries

 

How do these three structural changes show up in the USA?

 

The impact of the world economic crisis 2008/2009 is unique within the last thirty years. In the US this crisis pushed production in 2010 below the level of ten years ago (periods of crisis red colored in the chart).

 

In the USA the halving of the duration between two crises to currently five years became apparent in the fact that the world economic crisis 2008/2009 followed the overcome of the crisis low in 2004 five years later.

 

Finally also the US are subject to the extending duration of the crisis. Only at the end of 2013 and then in 2014 industrial production could exceeded the pre-crisis level  - six years later. In 2015 industrial production stagnated.

The industrial production in the USA from 1980 to 2018.

A further new structural change is the galloping national debt, which began with the world economy and financial crisis of the year 2008/2009. The articles about Japan and Great Britain confirm that the USA are no exception as the following diagram underlines.

National debt of the US from 1980 to 2018.

The diagram shows, how the galloping national indebtedness as percentage of the Gross Domestic Product (GDP) started with the year 2008.

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USA: Utilization of capacity

Utilization of capacity 1967 - 2018: Long-term decrease