Factories: Drop worst in 34 years

Are we seeing signs of recession? In the article, Factories: Drop worst in 34 years explains sings or recession. According to the Federal Reserve, production from industries dropped 2.8% from the last month. This drop is dramatically low due to the many natural disasters like hurricanes Gustav, Katrina, and Rita the past years. Economist John Silva form Wachovia says, "This is consistent with a recession, there's no doubt about it,". Economist base recession on four signs: 1) production output, 2) employment levels, 3) personal income and 4) retail and wholesale sales of manufactured goods (Goldman). All the four signs have shown in a decrease especially the past couple months. Recession is something that the nation should be aware of and not taken lightly.
http://money.cnn.com/2008/10/16/news/economy/industrial_production/index.htm