The industrial production data posted slow growth for the month of May 2024, with the index rising 0.9% over the previous month, which translates to a 0.4% increase in year over year terms.
Aggregate industrial production was unchanged month-over-month in the April data, translating to a decline of 0.4% year over year.
Today’s edition focuses on the Industrial Production data produced by the Federal Reserve – a dataset which allows us to evaluate and aggregate sector-level shifts in production and output.
In this series, we’ve examined the technological advances that created the shale revolution, studied the public policy that accelerated those advances, and evaluated the current state of next-gen geothermal energy. What are the optimal policy interventions for commercializing next-gen geothermal?
This is the third piece in a joint series by Employ America and the Institute for Progress examining the potential to commercialize next-gen geothermal energy, the lessons we might learn from the shale revolution, and the federal policy changes needed to make it happen.
