Industrial Production down by 0.1% in January.

Posted - Filed under Data News, Industrial Production.

For more charts and tables at finer levels of detail, please visit our Latest Industrial Production Charts and Tables Page.
From the Federal Reserve’s G.17 Report:
Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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Prior month revision: December growth was revised down from a gain of 0.9% to a gain of 0.4% . The 0.05% fall in total production was the result of the contributions from various industries as shown in the table and charts below. For charts and tables of individual sector growth, please visit our Latest Industrial Production Charts and Tables Page.

U.S. Industrial Production – Major Industry Groups Contribution to Total Index of each Industry Group. Seasonally Adjusted.
Total Index % Points Change by Sub-Index Monthly Change (Pts) 3-Month Change (Pts) Year/Year Change (Pts)
Nov. 2017 Dec. 2017 Jan. 2018 to July 2017 to Oct. 2017 to Jan. 2018 Nov. 2017 Dec. 2017 Jan. 2018
Total index 0.27 0.41 -0.05 -0.04 1.50 0.62 3.80 3.40 3.66
– Manufacturing (SIC) 0.14 -0.02 0.03 -0.55 1.00 0.15 1.76 1.59 1.32
– – Durable manufacturing 0.16 0.09 0.06 -0.74 0.86 0.30 1.14 0.99 0.94
– – Nondurable manufacturing 0.03 -0.10 0.00 0.27 0.14 -0.07 0.78 0.74 0.55
– – Other manufacturing -0.04 -0.01 -0.03 -0.08 0.00 -0.08 -0.16 -0.15 -0.17
– Mining 0.32 -0.06 -0.15 0.27 0.33 0.11 1.59 1.57 1.24
– Electric and gas utilities -0.19 0.48 0.06 0.25 0.16 0.36 0.45 0.25 1.10
– – Electric power generation, transmn and distrn. -0.19 0.40 0.05 0.10 0.15 0.26 0.28 0.30 0.86
– – Natural gas distribution -0.00 0.08 0.02 0.15 0.01 0.09 0.18 -0.05 0.23

Chart of Industrial Production Sectors

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ipcumcontr_short_total

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Contributions from Industry Sectors: 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.

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