Our Sites

Industrial production up 0.1 percent overall; manufacturing output dropped to .05 percent

The Federal Reserve reported today that industrial production and capacity utilization figures remained fairly steady during the month of August. Records showed overall production rose by 0.1 percent. While most market groups' growth equalled statistics captured in July, business equipment, manufacturing, mining, and utilitites' production rates fell. Business equipment took the hardest hit, falling from an increase of 3.1 percent in July to a negative 1.2 percent in August.

Total industry capacity utilization for the month of August remained steady at 77.3 percent. Capacity utilization in the manufacturing group beat the previous estimate of 76.3 and reached 76.8 percent.