capacity utilization rate

Industrial Production Pops On Bad Weather

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production soared 0.8% in December after a November -0.7% decline.  The reason for the December increase was utilities.  Utilities jumped up by 6.6% on colder weather in December and very warm weather in November.  Manufacturing production by itself increased 0.2% and mining was unchanged.

Industrial Production Increases a Sluggish 0.1%

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production had a 0.1% increase for September.  Manufacturing production by itself increased 0.2%.  The bigger news is industrial production has declined by -1.0% for the year and manufacturing by itself had no annual growth.  Q3 by itself brought better tidings as industrial production rose an annualized 1.8%.

Industrial Production Soared in July

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production had a 0.7% blowout for July.  This is the largest increase since November 2014.  Manufacturing production by itself increased 0.5% and was the biggest advance since July 2015.  Even mining increased 0.7% for the month.  Utilities' 2.1% increase was due to the very warm weather.

Industrial Production Had a Good Month, But Still Down for the Year

The Federal Reserve Industrial Production & Capacity Utilization report reversed itself from last month and had a 0.7% blowout.  March though was revised downward to a -0.9% decline.  Mining is still repressed but manufacturing showed signs of life for the month.  Utilities increase due to the return to seasonal weather from last month.

Industrial Production Grim With a -2.2% Q1 Decline

The Federal Reserve Industrial Production & Capacity Utilization report declined -0.6% in March.  Worse, this is the second month in a row for a -0.6% decline.  More ominous is a first quarter annualized -2.2% contraction.  Mining by itself had the biggest monthly decline since September 2008.  It is not just energy production that is the culprit dragging down industrial production.

February Industrial Production Drops -0.5%

The Federal Reserve Industrial Production & Capacity Utilization report declined -0.5% for February on mining and utilities.  More ominous is an annual -1.0% decline.  January was revised to a 0.8% monthly increase.  The G.17 industrial production statistical release is also known as output for factories and mines.

 

Industrial Production Down for Three Months in a Row

The Federal Reserve Industrial Production & Capacity Utilization report shows more malaise for the U.S. manufacturing sector.  The bad news is industrial production dropped by a hefty -0.4% for December.  Worse, November was revised downward 0.3 percentage points to a -0.9% monthly decline  October also was negative, a -0.2% decline, and September showed no change.

May Industrial Production Down -0.2% With April Surprise -0.5% Revision

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production decreased -0.3% as gas and oil well drilling continued to decline, abet at a slower pace.  This is the seventh month in a row for no increase.  Mining for the month declined -0.3% and the previous four months contracted an entire percentage point on average.  Manufacturing also declined for the month.

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