The August 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows a 0.4% increase in industrial production. Manufacturing alone increased 0.7% for the month, but July manufacturing factory output was revised down to a -0.4% monthly change. Utilities fell again for the 5th month in a row and August shows a -1.5% decline, while mines increased 0.3%.
The July 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows no change in industrial production. Manufacturing alone declined -0.1% for the month. Utilities dropped -2.1% and is the 4th monthly decline in a row. The G.17 industrial production statistical release is also known as output for factories and mines.
The June 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows a 0.3% increase in industrial production. For Q2 industrial production rose an annualized 0.6%. This is the lowest quarterly industrial production since Q3 2012 and before that, the height of the recession, Q2 2009. The G.17 industrial production statistical release is also known as output for factories and mines.
The May 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows no change in industrial production. Three of the last six months have shown no growth in industrial production and last month was a negative -0.4% change. For May, utilities output took a hit and declined -1.8% while mining increased 0.7%. Manufacturing showed a slight sign of life with a 0.1% monthly gain. Manufacturing has had little change so far for 2013, not a good sign.
The March 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows a monthly increase of 0.4% in industrial production. March's increase would have been non-existent if the weather hadn't turned cold. Utilities' output increased 3.5% for March as mining fell -0.2% and Manufacturing dropped -0.1% for the month. February was revised up to a 1.1% increase, buoyed again by utilities. Q1 2013 gives an annualized output gain of 5.0%, the largest since Q1 2012. The Q1 output gain was spurred by utilities, which by itself grew 10.5% for Q1 2013.
The January 2013 Federal Reserve's Industrial Production & Capacity Utilization report shows a monthly decline of 0.1% in industrial production. January's decline would have been much worse if the weather hadn't turned cold. Utilities' output increased 3.5% for January as mining fell 1.0%. Manufacturing alone dropped -0.4% for the month.
Hurricane Sandy has really wreaked havoc with industrial production's monthly percentage changes. Sandy wiped out almost a full percentage point of October's manufacturing production even though the storm hit New Jersey on October 29th. Manufacturing resumed in November, causing a 1.1% increase in manufacturing production.
Hurricane Sandy wiped out almost a full percentage point of industrial production even though the storm hit New Jersey on October 29th. Twenty percent of industrial production activity is in counties affected by the storm and 3-4% of industrial production related employment is in the same areas. It matters where a Hurricane hits in terms of the economy.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows a increase of 0.4% in industrial production for September 2012. This report is also known as output for factories and mines. Manufacturing increased 0.2%, mining 0.9% and utilities increased 1.5%. Oil and gas Gulf of Mexico rigs resuming are mentioned in the 0.9% output of mines increase.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows a decrease of -1.2% in industrial production for August 2012 and Hurricane Isaac is blamed for 0.3% of that decrease. This report is also known as output for factories and mines. Manufacturing declined -0.7%, mining -1.8% and utilities a whopping -3.6%.
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