From the Federal Reserve’s G.17 Report:
Industrial production increased 0.2 percent in January after decreasing 0.3 percent in December. The rates of change in output for September through December are all slightly lower than previously published; even so, production is estimated to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year. In January, manufacturing output moved up 0.2 percent and was 5.6 percent above its year-earlier level. The index for mining decreased 1.0 percent, with the decline more than accounted for by a substantial drop in the index for oil and gas well drilling and related support activities. The output of utilities increased 2.3 percent. At 106.2 percent of its 2007 average, total industrial production in January was 4.8 percent above its level of a year earlier. Capacity utilization for the industrial sector was unchanged in January at 79.4 percent, a rate that is 0.7 percentage point below its long-run (1972–2014) average.
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The 0.15% 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) | ||||||
| Nov. 2014 | Dec. 2014 | Jan. 2015 | to July 2014 | to Oct. 2014 | to Jan. 2015 | Nov. 2014 | Dec. 2014 | Jan. 2015 | |
| Total index | 1.14 | -0.28 | 0.15 | 1.24 | 0.63 | 1.01 | 4.89 | 4.40 | 4.82 |
| – Manufacturing (SIC) | 0.87 | 0.02 | 0.12 | 1.20 | -0.00 | 1.01 | 3.31 | 3.18 | 4.06 |
| – – Durable manufacturing | 0.44 | -0.08 | 0.14 | 1.22 | -0.17 | 0.50 | 2.08 | 2.21 | 2.72 |
| – – Nondurable manufacturing | 0.45 | 0.12 | -0.01 | -0.01 | 0.24 | 0.56 | 1.37 | 1.14 | 1.51 |
| – – Other manufacturing | -0.02 | -0.03 | -0.01 | -0.01 | -0.08 | -0.06 | -0.14 | -0.17 | -0.17 |
| – Mining | -0.06 | 0.37 | -0.18 | 0.49 | 0.14 | 0.13 | 1.43 | 1.78 | 1.43 |
| – Electric and gas utilities | 0.34 | -0.67 | 0.21 | -0.44 | 0.49 | -0.13 | 0.15 | -0.56 | -0.68 |
| – – Electric power generation, transmn and distrn. | 0.17 | -0.49 | 0.15 | -0.40 | 0.48 | -0.16 | 0.11 | -0.41 | -0.53 |
| – – Natural gas distribution | 0.16 | -0.18 | 0.05 | -0.05 | 0.01 | 0.04 | 0.04 | -0.15 | -0.14 |
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