Industrial production rose 0.2% in August

Source: Board of Governors of the Federal Reserve System

Oct 13, 2010

Industrial production rose 0.2% in August after a downwardly revised increase of 0.6% in July. The downward revision in July primarily resulted from newly available data on the output of four industries within manufacturing: iron and steel, construction machinery, paper, and pharmaceuticals. The index for manufacturing output rose 0.2% in August after having advanced 0.7% in July; the step-down in the rate of increase reflected a fallback in the production of motor vehicles and parts, which had jumped sharply in July. Excluding motor vehicles and parts, manufacturing output increased 0.5% in August after having gained 0.2% in July. Production at mines moved up 1.2% in August, while the output of utilities moved down 1.5%. At 93.2% of its 2007 average, total industrial production in August was 6.2% above its year-earlier level. The capacity utilization rate for total industry rose to 74.7%, a rate 4.7 percentage points above the rate from a year earlier and 5.9 percentage points below its average from 1972 to 2009.
Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments