Valve Magazine

Thu04172014

Last updateThu, 17 Apr 2014 1pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy Industrial Production Unexpectedly Fell on Weak Manufacturing

Manufacturing & The Economy

Industrial Production Unexpectedly Fell on Weak Manufacturing

Industrial production edged down 0.1% in January after having risen 0.4% in December. In January, manufacturing output decreased 0.4% following upwardly revised gains of 1.1% in December and 1.7% in November. For the fourth quarter as a whole, manufacturing production is now estimated to have advanced 1.9% at an annual rate; previously, the increase was reported to have been 0.2%. In January, the output of utilities rose 3.5%, as demand for heating was boosted by temperatures that fell closer to their seasonal norms; the production at mines declined 1.0%. At 98.6% of its 2007 average, total industrial production in January was 2.1% above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 79.1%, a rate that is 1.1% below its long-run (1972--2012) average.

Manufacturing output decreased 0.4% in January after having risen 1.1% in December; the level of output in January was 1.7% above its year-earlier level but was 5.3% below its pre-recession peak in December 2007. Capacity utilization for manufacturing moved down 0.4% in January to 77.6%, a rate 1.2% below its long-run average.

Sponsored Products

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL