Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production rose 0.3 percent in December for a fifth consecutive monthly increase. In the fourth quarter of 2013, industrial production rose at an annual rate of 6.8 percent. This is the largest quarterly increase since the second quarter of 2010. Manufacturing production increased 0.4 percent in December and has increased at a 6 percent annual rate over the past three months. Production has increased in autos, electronics, and appliances. Breaking down the manufacturing sector into durable and nondurable goods, durable goods production increased 0.1 percent, and nondurable goods output rose by 0.9 percent. Within durable goods, primary metals, electrical equipment, appliances, and components contributed to the increase in durable goods production. Motor vehicle and parts production increased 1.6 percent in December. Within nondurable goods, all major categories except textile and product mills reported gains for December. Mining production rose 0.8 percent in December with a three-month annualized growth rate of 4.3 percent. Utilities production declined 1.6 percent. Overall capacity utilization rose 0.1 percentage points to 79.2 percent.