According to the Federal Reserve, the Industrial Production Index has been on a slight decline since January 2018 with only a couple of upticks in August and November of last year. Meanwhile, the Census Bureau’s Total Business Inventory-to-Sales Ratio, which was in decline through April 2018, began to rise relatively sharply throughout the rest of that year. It leveled off at a high of 1.4 in May of last year and has remained there since. This combination of reduced output co