Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials. Elevated levels of order backlogs and rising prices of industrial products were behind the increase, combining to give producers the extra boost to increase ... READ MORE >
industrial production
Chart of the day: U.S. industrial production rebounds
A colder-than-normal January pushed industrial production up significantly as utility production rose 9.9% on the month—the highest rate on record—according to a report from the Federal Reserve on Wednesday. Overall industrial production volume, as a result, advanced by 1.4% in January from a decrease ... READ MORE >
Chart of the day: Industrial production inched down in December
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 ... READ MORE >
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 ... 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 ... 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 ... 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 ... 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% ... 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 ... 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 ... READ MORE >