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 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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Prior month revision: December fall was revised down from a fall of 0.1% to a fall of 0.3% .

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

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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