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Industrial Production: Difference between revisions
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!Forecast M/M | !Forecast M/M | ||
!Actual Y/Y<ref>https://www.investing.com/economic-calendar/industrial-production-161</ref> | !Actual Y/Y<ref>https://www.investing.com/economic-calendar/industrial-production-161</ref> | ||
|- | |||
|May-23 | |||
| -0.2% | |||
|0.1% | |||
|0.23% | |||
|- | |- | ||
|Apr-23 | |Apr-23 | ||
| Line 102: | Line 107: | ||
* Industrial production in the United States increased 0.2% year-on-year in April of 2023, following a downwardly revised 0.1% rise in March. | * Industrial production in the United States increased 0.2% year-on-year in April of 2023, following a downwardly revised 0.1% rise in March. | ||
* The mining sector surged 5.6% while a decline was seen for manufacturing (-0.9%) and utilities (-0.4%) Y/y | * The mining sector surged 5.6% while a decline was seen for manufacturing (-0.9%) and utilities (-0.4%) Y/y | ||
=== May 2023 === | |||
* Industrial production in the United States went down 0.2 percent from a month earlier in May 2023, missing market expectations of a 0.1 percent increase<ref>https://www.federalreserve.gov/releases/g17/Current/g17.pdf</ref> | |||
* Manuafcturing activity increased 0.1 percent, as expected, but is -0.3% y/y. The indexes for durable manufacturing and other manufacturing (publishing and logging) increased 0.3 percent and 0.2 percent, respectively, while the output of nondurable manufacturing moved down 0.1 percent. | |||
* Mining output slid 0.4 percent driven primarily by decreases in coal mining and support activities, in particular, oil and gas well drilling. | |||
* Output of utilities declined 1.8 percent for a second consecutive month, as electric utilities fell, while natural gas utilities remained unchanged. | |||
== References == | == References == | ||