Industrial Production up by 0.1% in October.

Posted November 16, 2018 - 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 up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. In October, manufacturing output rose 0.3 percent for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3 percent and 0.5 percent, respectively. At 109.1 percent of its 2012 average, total industrial production was 4.1 percent higher in October than it was a year earlier. Capacity utilization for the industrial sector was 78.4 percent, a rate that is 1.4 percentage points below its long-run (1972–2017) average.

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Prior month revision: September growth was revised down from a gain of 0.3% to a gain of 0.2% . The 0.1% rise 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)
Total Index % Points Change by Sub-Index	Aug. 2018	Sep. 2018	Oct. 2018	to Apr. 2018	to July 2018	to Oct. 2018	Aug. 2018	Sep. 2018	Oct. 2018
Total index	0.81	0.15	0.10	2.11	0.23	1.07	5.42	5.60	4.11
– Manufacturing (SIC)	0.31	0.19	0.20	1.43	0.07	0.71	2.51	2.83	2.00
– – Durable manufacturing	0.47	0.17	0.17	0.81	-0.10	0.80	1.73	1.56	1.57
– – Nondurable manufacturing	-0.15	0.01	0.06	0.59	0.31	-0.07	0.94	1.42	0.64
– – Other manufacturing	-0.00	0.01	-0.03	0.03	-0.13	-0.02	-0.15	-0.15	-0.21
– Mining	0.39	-0.02	-0.05	0.72	0.57	0.31	2.41	2.21	1.92
– Electric and gas utilities	0.11	-0.01	-0.05	-0.04	-0.42	0.05	0.50	0.56	0.18
– – Electric power generation, transmn and distrn.	0.13	-0.06	-0.17	-0.35	0.02	-0.10	0.50	0.54	0.03
– – Natural gas distribution	-0.01	0.04	0.12	0.31	-0.44	0.15	-0.01	0.03	0.15

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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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