10202018Sat
Last updateFri, 19 Oct 2018 1pm

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Manufacturing & The Economy

U.S. Industrial Output Rose 0.9% in December

Industrial production rose 0.9% in December even though manufacturing output only edged up 0.1%. Revisions to mining and utilities altered the pattern of growth for October and November, but the level of the overall index in November was little changed. For the fourth quarter as a whole, total industrial production jumped 8.2% at an annual rate after being held down in the third quarter by Hurricanes Harvey and Irma. At 107.5% of its 2012 average, the index has increased 3.6% since December 2016 for its largest calendar-year gain since 2010.The gain in manufacturing output in December was its fourth consecutive monthly increase. 

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