Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production fell 1.2 percent (nonannualized) in August, following a downwardly revised estimate of 0.5 percent from 0.6 percent in July. Slowdowns in production associated with Hurricane Isaac are estimated to have slowed total output by 0.3 percentage points. Manufacturing production also slowed, decreasing 0.7 percent. Within the manufacturing industry, durable and nondurable goods output fell 1.1 and 0.3 percent, respectively. Within durable goods, the production of motor vehicles and parts posted the largest drop in output, falling 4.0 percent, while other categories posted smaller declines. Precautionary shutdowns of oil and gas production in advance of hurricane Isaac contributed to a 1.8 percent decline in mining activity in August. Overall capacity utilization fell 1.0 percentage points to 78.2 percent of capacity.