Friday, October 16, 2015

Industrial Production Fell 0.2 Percent in September

Industrial production decreased 0.2 percent in September, after falling 0.1 percent in August. Total industrial production is 7.1 points above its 2012 level and 0.4 percent above the year ago level.

Manufacturing output fell 0.1 percent on the month due to a 0.2 percent decline in durable goods output. Nondurable goods production remained unchanged in September.

Mining output fell 2.0 percent in September, the first decrease since May. Mining output is now 5.7 percent below year ago levels.

Utilities output grew by 1.3 percent, as a warmer than usual September created increased demand for air conditioning. The increase in electricity use was partially offset by a decrease in gas utilities output due to weak heating demand.

Capacity utilization was 77.5 percent, down 0.3 points from August and 2.6 points below its long-run average.

Read the Federal Reserve release.

Visit the new Banks and the Economy.

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