September Industrial Production Rose 0.1%

The Federal Reserve said that industrial production rose 0.1% last month. Wall Street had been expecting an increase of 0.2%.

Overall manufacturing output, which accounts for more than three-quarters of all industrial production, rose 0.2% last month. Total factory production has increased in three of the past four months, but was flat in September from a year earlier.

Mining production rose 0.4%, its fourth rise in the past five months. The segment, which includes oil drilling, had been battered by a sustained drop in commodity prices. The latest figures suggest the energy sector has stabilized. Still, overall mining output remains 9.4% below its level from a year earlier.

Utilities output was down 1% from the prior month.

IP fell from November 2014 to March 2016. The scale of the graph makes the decline seem greater than it truly was.

Posted by on October 17th, 2016 at 9:36 am


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