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Industrial Production: Difference between revisions
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=== August 2023 === | === August 2023 === | ||
* Total industrial production, which also includes mining and utilities, rose 0.4%. The median forecast in a Bloomberg survey of economists called for 0.1% increases in both factory output and total industrial production. | |||
* The 0.1% rise in factory output last month followed a revised 0.4% gain in July. Excluding auto production, manufacturing output jumped 0.6%, the largest gain since the start of the year. | |||
* Utilities output increased 0.9%, while mining production jumped 1.4% — the largest advance since January, primarily due to higher oil and gas extraction. | |||
* Capacity utilization at factories was unchanged at 77.9%, though overall utilization rose to a four-month high of 79.7%. | |||
* Industrial production of defense and space equipment increased another 3.5% in August, the largest gain since May 2020, to a fresh record. | |||
== Indicator during Recession == | == Indicator during Recession == | ||
== References == | == References == | ||