Industrial Production up strongly by 0.6% in November.

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 rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent. At 109.4 percent of its 2012 average, total industrial production was 3.9 percent higher in November than it was a year earlier. Capacity utilization for the industrial sector rose 0.4 percentage point in November to 78.5 percent, a rate that is 1.3 percentage points below its long-run (1972–2017) average.

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Prior month revision: October growth was revised down from a gain of 0.1% to a fall of 0.2% . The 0.61% 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)
Sep. 2018 Oct. 2018 Nov. 2018 to May 2018 to Aug. 2018 to Nov. 2018 Sep. 2018 Oct. 2018 Nov. 2018
Total index 0.10 -0.16 0.61 0.81 1.89 0.55 5.55 3.79 3.89
– Manufacturing (SIC) 0.13 -0.07 -0.00 -0.38 1.10 0.06 2.77 1.66 1.46
– – Durable manufacturing 0.20 -0.03 0.07 -0.35 0.95 0.24 1.62 1.43 1.38
– – Nondurable manufacturing -0.09 -0.05 -0.05 0.02 0.25 -0.19 1.30 0.40 0.23
– – Other manufacturing 0.02 0.01 -0.02 -0.05 -0.10 0.01 -0.15 -0.17 -0.14
– Mining 0.09 -0.11 0.28 0.46 0.82 0.26 2.33 1.98 1.98
– Electric and gas utilities -0.12 0.02 0.33 0.73 -0.03 0.23 0.45 0.14 0.45
– – Electric power generation, transmn and distrn. -0.16 -0.10 0.23 0.72 -0.09 -0.04 0.43 -0.00 0.24
– – Natural gas distribution 0.04 0.12 0.11 0.01 0.06 0.27 0.02 0.14 0.22

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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