Saturday, February 16, 2013

USA Industrial Production Just Below Post-Recession High


Federal Reserve Statistical Release: Industrial Production and Capacity Utilization

(Federal Reserve) - Industrial production edged down 0.1 percent in January after having risen 0.4 percent in December. In January, manufacturing output decreased 0.4 percent following upwardly revised gains of 1.1 percent in December and 1.7 percent in November.

For the fourth quarter as a whole, manufacturing production is now estimated to have advanced 1.9 percent at an annual rate; previously, the increase was reported to have been 0.2 percent.

In January, the output of utilities rose 3.5 percent, as demand for heating was boosted by temperatures that fell closer to their seasonal norms; the production at mines declined 1.0 percent. At 98.6 percent of its 2007 average, total industrial production in January was 2.1 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 79.1 percent, a rate that is 1.1 percentage points below its long-run (1972 - 2012) average.

USA Industrial Production Index by Month
Current Index: 98.6212 (-0.10)
Post-Recession High: 98.7187 (December 2012)
Great Recession Low: 83.4577 (June 2009)
Pre-Recession Peak: 100.7420 (December 2007)

USA Industrial Production Index Trends
3-Month Moving Average: 98.6 (+0.6)
6-Month Moving Average: 97.8 (+0.1)
12-Month Moving Average: 97.5 (+0.2)
24-Month Moving Average: 95.8 (+0.3)
36-Month Moving Average: 94.0 (+0.3)


Seeking Alpha