Industrial Production up strongly by 1% in April.

Posted May 17, 2017 - 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 advanced 1.0 percent in April for its third consecutive monthly increase and its largest gain since February 2014. Manufacturing output rose 1.0 percent as a result of widespread increases among its major industries. The indexes for mining and utilities posted gains of 1.2 percent and 0.7 percent, respectively. At 105.1 percent of its 2012 average, total industrial production in April was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in April to 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972–2016) average.

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Prior month revision: March growth was revised down from a gain of 0.5% to a gain of 0.4% . The 0.98% 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	Feb. 2017	Mar. 2017	Apr. 2017	to Oct. 2016	to Jan. 2017	to Apr. 2017	Feb. 2017	Mar. 2017	Apr. 2017
Total index	0.18	0.41	0.98	-0.04	0.31	1.57	0.40	1.54	2.19
– Manufacturing (SIC)	0.19	-0.33	0.74	0.05	0.56	0.61	0.68	0.52	1.30
– – Durable manufacturing	0.14	-0.30	0.39	0.02	0.39	0.22	0.70	0.59	0.80
– – Nondurable manufacturing	0.06	0.00	0.34	0.04	0.21	0.41	0.13	0.07	0.62
– – Other manufacturing	-0.01	-0.02	0.01	-0.01	-0.03	-0.02	-0.15	-0.14	-0.12
– Mining	0.51	-0.05	0.17	0.19	0.13	0.63	0.37	0.53	0.95
– Electric and gas utilities	-0.53	0.78	0.07	-0.28	-0.38	0.33	-0.65	0.49	-0.06
– – Electric power generation, transmn and distrn.	-0.40	0.54	0.19	-0.20	-0.33	0.33	-0.47	0.24	0.08
– – Natural gas distribution	-0.13	0.24	-0.12	-0.08	-0.06	-0.00	-0.18	0.25	-0.14

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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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