False.
Huge amounts of goods are coming out of the factories and are being sold for more money than ever before.
Chinese factories, yes. U.S. factories simply slapping together Chinese components....
It's real, and it's been counted.
LOL!
Tell it to the Machine Tool industry...the foundation and core of ALL industry.
Looks like we're not looking at the same info on industrial production.
What I was using was real output of the manufacturing, mining, and electric and gas utilities industries based on monthly reports for physical units. I pay the Fed (with my taxes) to get data "on physical products, such as tons of steel or barrels of oil... ...from private trade associations and from government agencies". More method description info here. Graphs and numbers here.
Sure, I know the Fed isn't perfect, and I'll admit that it was the best I was able to get a hold of on short notice. Please show us what you're using and we can compare. It would be even better if you had stuff going back to say, 1920 --then we could check everything out better, but what's important is just show us what you got so we can be on the same page in the hymnal on this.