The omicron variant’s spread put pressure on industrial production in December as production declined by 0.1%, missing the estimate of a 0.2% increase on the month, according to data from the Federal Reserve on Friday. The unexpected decline was mostly offset by an upward revision of 0.2 percentage points to November's reading, which now stands at a 0.7% ... READ MORE >
industrial production
Chart of the day: Industrial production climbed back in October
Industrial production rebounded in October with a gain of 1.6% after a significant slowdown in September because of Hurricane Ida, pointing to healthy growth for the rest of the year. Output gains were recorded in every category from manufacturing to utilities to mining as constraints in energy and automobile supplies eased. The gains will have major ... READ MORE >
Chart of the day: U.S. industrial production fell as Ida’s impact lingered
The impact of Hurricane Ida continued to be a drag on industrial production in September, accounting for a significant drop not only in mining but also in manufacturing output. Overall industrial production fell by 1.3% in September compared to August, with 0.6 percentage points of the drop resulting from the impact of the hurricane, according to a ... READ MORE >
CHART OF THE DAY: Leading economic index points to robust expansion of industrial production
There are more signs of a recovery in the works. Both industrial production and the Conference Board’s leading economic indicator reported positive year-over-year growth rates in March, recent data shows. The leading indicator index from the Federal Reserve strongly implies a return to pre-pandemic levels of industrial production in the United States by ... READ MORE >
RSM recovery watch: Upgraded growth forecast and more evidence of a turn in the business cycle
There are signs that the business cycle has made a turn, bottoming out of a deep recession and moving into its next phase of sustained economic growth. As such, we have recently upgraded our forecast for 2021 real GDP growth to 7.5% (7.2% previously) on a year-over-year basis, a decline in the unemployment rate to 4.1% (4.5% previously) and an increase in ... READ MORE >
U.S. industrial production growth continues
The Federal Reserve said on Wednesday that its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the economic shutdown last spring. Total production rose 0.9% in January, following an increase of 1.3% in December. The results were slightly above the ... READ MORE >
CHART OF THE DAY: Industrial production continues its recovery
The Federal Reserve on Tuesday said its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the economic shutdown this spring. Total production rose 0.4% in November, slightly above the consensus of 0.3% and following a 0.2% downwardly revised October ... READ MORE >
U.S. industrial production rose 1.1% in October
The Federal Reserve on Tuesday said its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the spring. Total production rose 1.1% in October, slightly above economists' consensus of 1.0%, following a 0.4% downwardly revised September reading. Even with ... READ MORE >
CHART OF THE DAY: U.S. industrial production expansion was smaller than expected in August
After three months of sharp increases, U.S. industrial production growth was smaller than expected in August, according to a Federal Reserve report released Tuesday. Industrial production expanded by 0.4% on a monthly basis following July's increase of 3.5% (revised from 3%), and is a sign that the economic recovery is starting to moderate. Analysts had ... READ MORE >
U.S. industrial production falls a sharp 0.8% in October
Those who are making the case that U.S. industrial production has bottomed may want to rethink that overly optimistic statement. While auto production will undoubtedly rebound in November, the problems at Boeing surrounding the 737 Max and the uncertainty tax imposed on firms caused by the trade conflict with China have knocked the air out of domestic ... READ MORE >