December growth in Industrial Production was reported today by the Federal Reserve, showing monthly, seasonally adjusted growth of 0.31%, giving a 3.68% year over year change.
November’s strong growth was revised downwards from 1.13% to 1.04%.
Durable Goods production was essentially flat, while Utilities fell back 1.42%
More detailed breakdowns and charts available on our Industrial Production Data-set Page.
U.S. Industrial Production – Major Industry Groups Changes by Sub-Index. Seasonally Adjusted. |
|||||||||
---|---|---|---|---|---|---|---|---|---|
Percentage Change of Sub-Indexes |
Monthly Change (%) | 3-Month Change (%) | Year/Year Change (%) | ||||||
Oct. 2013 |
Nov. 2013 |
Dec. 2013 |
to June 2013 |
to Sep. 2013 |
to Dec. 2013 |
Oct. 2013 |
Nov. 2013 |
Dec. 2013 |
|
Total index | 0.28 | 1.04 | 0.31 | 0.09 | 0.97 | 1.63 | 3.68 | 3.40 | 3.68 |
– Manufacturing (SIC) | 0.56 | 0.62 | 0.45 | 0.32 | 0.43 | 1.63 | 3.83 | 3.02 | 2.60 |
– – Durable manufacturing | 0.81 | 0.79 | 0.08 | 0.51 | 1.16 | 1.69 | 5.99 | 4.73 | 4.11 |
– – Nondurable manufacturing | 0.46 | 0.55 | 0.86 | 0.17 | -0.63 | 1.88 | 1.85 | 1.58 | 1.27 |
– – Other manufacturing | -2.02 | -1.05 | 0.54 | -0.56 | 3.96 | -2.52 | -1.58 | -3.09 | -2.06 |
– Mining | -1.52 | 1.85 | 0.76 | 2.69 | 2.85 | 1.07 | 4.66 | 5.34 | 6.61 |
– Electric and gas utilities | 1.01 | 2.96 | -1.42 | -5.31 | 2.13 | 2.51 | 1.14 | 3.32 | 7.64 |
– – Electric power generation, transmn and distrn. | 1.21 | 2.96 | -1.60 | -4.30 | 1.89 | 2.54 | 1.93 | 4.15 | 7.03 |
– – Natural gas distribution | -0.52 | 2.96 | -0.10 | -12.31 | 3.93 | 2.33 | -4.44 | -2.56 | 12.39 |
The 0.31% rise in total production was the result of the following, weighted contributions from:
Manufacturing: Contributed 0.33% points
Mining: Contributed 0.14% points
Utilities: Contributed -0.14% points
(These do not total exactly, due to rounding.)
The two charts to the left show the growth in the overall index together with that of the weighted contributions of each major sector. The first chart shows the monthly changes, the second shows the levels over time.