The Federal Reserve's Factory Production report shows a -0.2% decrease for September 2010 in Industrial Production. Here is a detailed report. Here's something not good, although the Fed is referring to the slowdown in growth, Industrial Production is up 3.6% for Q3 2010. Below is a quote from the report:
The index for manufacturing decelerated sharply in the third quarter
The Federal Reserve is publishing a 0.2% increase for August 2010 in industrial production Here is a detailed report. Last month's blow out was revised significantly, from 1.0% to 0.6%.
Snow, snow, look at the snow. This is a line from a pre-school first reader book and the last economic indicator reports are quite similar. All of a sudden everything is blamed on the weather, in a repetitive, rhyming pattern.
Industrial production increased 0.9 percent in January following a gain of 0.7 percent in December. Manufacturing production rose 1.0 percent in January, with increases for most of its major components, while the indexes for both utilities and mining advanced 0.7 percent. At 101.1 percent of its 2002 average, output in January was 0.9 percent above its year-earlier level. The capacity utilization rate for total industry rose 0.7 percentage point to 72.6 percent, a rate 8.0 percentage points below its average from 1972 to 2009.
Of the major groups, even construction had a positive gain of 1%, but down -5.3% for the year.
To put this is context, here is a graph of industrial production from right before the start of this recession.
The Industrial Production and Capacity Utilization for December 2009 was released last Friday, but it's significant and I want to cover it for completeness sake, even though this post is quite late.
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