At first glance, recent data from the industrial and transport sectors indicates that the US is heading towards a recession. However, while some figures indicate that a recession could be just around the corner, the usual preconditions are not in place, and the most effective indicators are signalling a low risk of recession according to a research note issued by Bank of America's US economic research team to clients this week.
Industrial production contracted in three out of four quarters in 2015, after posting a solid 3.7% gain in 2014. What's more, industrial production, payrolls and factory hours all slowed in three out...
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