Posted - Filed under Industrial Production, Release Observations.

 

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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

 

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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

ipcumcontr_short_total

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(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.