Too Early To Call, But Three Out Of Four Important Economic Indicators Point To Recession

In the past week, we saw 3 of the 4 big economic indicators through the month of April - Employment, Retail Sales, and Industrial Production.

All 3 were weaker than expected, with some close to recession territory.

Here's a look.

Economic Indicators - Industrial Production

First, Industrial Production, the weakest of the three.

The following table sorts the performance of Industrial Production by the number of days into the year.

Through April 2015, that equates to 120 days.

The chart is sorted by worst performance through the first 120 days to the best performance through 120 days (this holds for the Employment and Retail Sales charts as well).

In bold is 2015.  So far, Industrial Production is down 0.65% through...