Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production increased 0.4 percent (nonannualized) in September, following a downwardly revised drop 1.4 percent in August. The near-term trend (three-month annualized growth) of —1.6 percent is up from 2.9 percent in the August. On a year-over-year basis, overall production is up 2.8 percent. Manufacturing production rose 0.2 percent in September, while the three-month annualized growth rate decreased 1.7 percent. Breaking down the manufacturing sector, durable and nondurable goods rose 0.1 percent and 0.3 percent, respectively. Within durable goods manufacturing, aerospace and miscellaneous transportation equipment and electrical equipment, appliances and components all posted increases greater than 1.0 percent in September while the production of motor vehicles and parts fell 2.5 percent for the month. Mining output rose 0.9 percent after having decreased 1.6 percent in August. Overall capacity utilization increased 0.3 percentage points to 78.3 percent of capacity.