Hurricane Sandy has really wreaked havoc with industrial production's monthly percentage changes. Sandy wiped out almost a full percentage point of October's manufacturing production even though the storm hit New Jersey on October 29th. Manufacturing resumed in November, causing a 1.1% increase in manufacturing production.
Hurricane Sandy wiped out almost a full percentage point of industrial production even though the storm hit New Jersey on October 29th. Twenty percent of industrial production activity is in counties affected by the storm and 3-4% of industrial production related employment is in the same areas. It matters where a Hurricane hits in terms of the economy.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows a increase of 0.4% in industrial production for September 2012. This report is also known as output for factories and mines. Manufacturing increased 0.2%, mining 0.9% and utilities increased 1.5%. Oil and gas Gulf of Mexico rigs resuming are mentioned in the 0.9% output of mines increase.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows a 0.6% increase in industrial production for July 2012, an improvement from recent months. Manufacturing increased 0.5%, mining 1.2% and utilities 1.3%. June industrial production was revised down, from 0.4% to 0.1% and May revised up from -0.1% to 0.2%. This report is also known as output for factories and mines.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows a -0.1% decrease in industrial production for May 2012, a sign of more sluggishness for the economy. Manufacturing dropped -0.4%, mining and utilities increased their production, 0.9% and 0.8% respectively. Within manufacturing, motor vehicles & parts dropped -1.5% for May.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows 1.1% increase in industrial production for April 2012. Manufacturing increased 0.6%, mining 1.6% and utilities increased their production a whopping 4.5% in a course of a month. The April jump in utilities shows just how unusual the January to March warm weather was.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows zero change in industrial production for March 2012, the second month in a row. Manufacturing dropped -0.2%, mining was up +0.2% and utilities increased +1.5%. This report is also known as output for factories and mines.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows zero change in industrial production for February 2012, but January was revised up, from 0% to 0.4%. Autos has some bad news, the auto & parts index dropped, -1.1% for February, but this is after autos had a meteoric soar of +8.6% in January. This report is also known as output for factories and mines.
The Federal Reserve's Industrial Production & Capacity Utilization report, G.17, shows zero change in industrial production for January 2012. The culprit was utilities and the Fed blames the weather. Warming temperatures in winter cause home energy production to drop beyond their typical output levels. The big fat industrial production zero hides some very promising changes.
The Federal Reserve's Industrial Production & Capacity Utilization report shows a +0.4% increase for December 2011 Industrial Production. This report is also known as output for factories and mines. Manufacturing alone jumped +0.9%. November's industrial production was revised downward to a -0.3% decrease.
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