December 2021 Industrial Production Index Report

Industrial production dropped 0.1% from November to December, dipping below market expectations. The decline is largely attributed to the rapid spread of Omicron, persistent supply shortages, and unseasonably warm weather easing demand for utilities. KPMG Senior Economist Tim Mahedy provides his three takeaways from December’s report and what to expect in January.


To speak with Tim Mahedy please contact Allison Rivellini.

Media contact

Allison Rivellini

Allison Rivellini

Senior Associate, Corporate Communications, KPMG US

+1 212-758-9700

 

 

Tim Mahedy

Tim Mahedy

Senior Director, Office of the Chief Economist, KPMG LLP

+1 415-963-5103

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