Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production remains in a slump after the supply chain disruption caused by the natural disasters in Japan and the Southern United States. After having nearly zero gain in April, total production in May ticked up only 0.1 percent. While manufacturing, durables, and outdoor mining production rose by 0.4, 0.22, and 0.5 percent, respectively, the production of consumer goods, autos, and utilities fell by 0.1, 0.5, and 2.8 percent, respectively. Capacity utilization for the total industry also remains flat for the second month at 76.7 percent, 3.4 percent higher than May of 2010. Overall total industrial production is at 93 percent of its 2007 average and down 3.7 percent from the historical average from 1972-2010.