industrial production

Industrial Production & Capacity Utilization for September 2009

Industrial Production and Capacity Utilization numbers are out for September 2009. Industrial production increased 0.7%, which is down from a 1.2% increase in August.

On Q3 2009, things are looking better:

For the third quarter as a whole, output advanced at an annual rate of 5.2 percent, the first quarterly gain since the first quarter of 2008 and the largest gain since the first quarter of 2005.

Total industrial production is still down 6.1% from it's September 2008 level.

Capacity utilization is now 70.5%, up 0.6% from last month but still down 4% from September last year.

When referring to inflationary pressures and the above report, EconomPic Data quotes this statement by the St. Louis Fed President:

Industrial Production & Capacity Utilization for August 2009

Seems we have another cash for clunkers wonder. Minus autos industrial production increased 0.4%. So, this is the second month industrial production rose.

Industrial output rose 0.8 percent in August, following an upwardly revised increase of 1.0 percent in July. Production in manufacturing expanded 0.6 percent in August, and the index excluding motor vehicles and parts increased 0.4 percent. The gain in July for manufacturing was revised up 0.4 percentage point, to 1.4 percent; in addition, factory output for April through June is now somewhat less weak than reported previously. Production at mines moved up 0.5 percent in August. The output of utilities gained 1.9 percent, as temperatures swung from an unseasonably mild July to a slightly warmer-than-usual August. At 97.4 percent of its 2002 average, total industrial production was 10.7 percent below its level of a year earlier. In August, the capacity utilization rate for total industry advanced to 69.6 percent, a level 11.3 percentage points below its average for the period 1972 through 2008.

Industrial Production - A Gain is a Gain

Last month's Industrial production and capacity utilization data was spun to some glorious V for victory recovery, at which point I noted a contraction is a contraction, which is what last months data was.

I've been looking over industrial production and capacity utilization for July 2009, trying to analyze a trend. July's industrial production index rose to 96.0.

Here is last months graph, not including this months number, zeroing in on this depression recession.

Industrial Production & Capacity Utilization - A Contraction is a Contraction

The spin just keeps on coming. Bloomberg on today's industrial production 0.4% contraction:

Industrial production shrank less than forecast and a New York regional factory gauge showed the smallest contraction in more than a year, signaling manufacturing is on the verge of stabilizing.

Folks, here is the Federal Reserve's Industrial Production & Capacity release:

Industrial Production, Capacity Crash & Burn

The industrial production index numbers are out and it ain't pretty, a 1.1% decline in May with a Q1 decrease of 1.6% and a 13.4% decrease for the year. Capacity is at a whopping 68%, an all time low. Even during the 1982 recession the low was 70% for industrial capacity utilization.

Construction is the worst of the lot, as to be expected with the burst of the housing bubble, at 21.5% for the yearly drop.

More tables and data at the Federal Reserve. Click on graphs to zoom.


may 2009 IPG


Industrial Output Drops Most in 34 years

industrial output

Bloomberg reports that industrial production is at it's lowest since 1991.

Manufacturing dropped 2.8% in September.

The Fed Bank of Philadelphia's general economic index plunged to minus 37.5 this month, worse than forecast and the lowest reading since October 1990, from 3.8 in September, the bank said today. Negative readings signal contraction. The index averaged 5.1 last year.

From RTTNews:

Industrial production fell by much more than expected in the month of September, according to a report released by the Federal Reserve on Thursday, with the report also showing a bigger than expected drop in capacity utilization.