Data Updates

Data Updates

Keeping you up to date on the latest data releases.

August 2014

  • 11.16.2011
  • Industrial Production
  • Industrial production jumped up 0.7 percent (nonannualized) in October, following a downwardly revised 0.1 percent decrease in September. However, that downward revision that led to the first decrease in IP since the spring was almost entirely due to a downward revision in mining output (from a 0.8 percent gain to a 0.5 percent decline). On a year-over-year basis, overall production is up 3.9 percent. Manufacturing production accelerated in October, increasing 0.5 percent, compared to increases of 0.3 percent in both September and August. Some of the strength in manufacturing production was tied to a 3.1 percent spike in autos production during the month. Excluding autos, manufacturing output rose 0.3 percent in October and is up 3.8 percent over the past year (compared to a 4.1 percent growth rate for manufacturing as a whole). Outside manufacturing, mining production, spiked up 2.3 percent in October, more than reversing the downwardly revised 0.5 percent decrease in September, and helping to push its 12-month growth rate up from 4.5 percent to 6.0 percent during the month. Electric and gas utilities output edged up 0.1 percent, following sizeable declines of 3.4 percent and 1.6 percent in September and August, respectively. Capacity utilization rose from 77.3 percent in September to 77.8 percent in October, and has steadily improved from its recent cyclical low of 67.3 percent in June 2009.