Latest News

Industrial Production Increased 0.3% in September


From the Fed: Industrial Production and Capacity Utilization
Industrial production increased 0.3 percent in September and advanced at an annual rate of 2.5 percent in the third quarter. Manufacturing output rose 0.4 percent in September, the index for mining moved up 0.4 percent, and the index for utilities decreased 0.3 percent. At 103.6 percent of its 2017 average, total industrial production in September was 0.1 percent above its year-earlier level. Capacity utilization moved up 0.2 percentage point to 79.7 percent in September, a rate that is equal to its long-run (1972–2022) average.
emphasis added
Click on graph for larger image.

This graph shows Capacity Utilization. This series is up from the record low set in April 2020, and above the level in February 2020 (pre-pandemic).

Capacity utilization at 79.7% is at the average from 1972 to 2022.  This was above consensus expectations.

Note: y-axis doesn’t start at zero to better show the change.

The second graph shows industrial production since 1967.

Industrial production increased in August to 103.6. This is above the pre-pandemic level.

Industrial production was above consensus expectations, however the previous month was revised down.

Morning Report: Bonds fall on strong consumer spending data

Previous article

Retail Sales Increased 0.7% in September

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News