Industrial Production – September 2014

CapUSept2014Industrial production increased 1.0 percent in September and advanced at  an annual rate of 3.2 percent in the third quarter of 2014, roughly its average  quarterly increase since the end of 2010.

In September, manufacturing output  moved up 0.5 percent, while the indexes for mining and for utilities climbed 1.8  percent and 3.9 percent, respectively. For the third quarter as a whole,  manufacturing production rose at an annual rate of 3.5 percent and mining output  increased at an annual rate of 8.7 percent.

The output of utilities fell at an  annual rate of 8.5 percent for a second consecutive quarterly decline.

At 105.1  percent of its 2007 average, total industrial production in September was 4.3  percent above its level of a year earlier. The capacity utilization rate for  total industry moved up 0.6 percentage point in September to 79.3 percent, a  rate that is 1.0 percentage point above its level of 12 months earlier but 0.8  percentage point below its long-run (1972–2013) average.

 

By | 2014-11-30T14:28:30+00:00 November 30th, 2014|Categories: Coincident Indicators, Economics|0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office. Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license. Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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