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Industrial Production: Difference between revisions
→August 2023
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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. | * 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.<ref>https://www.federalreserve.gov/releases/g17/Current/g17.pdf</ref> | ||
* 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. | * 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. | * Utilities output increased 0.9%, while mining production jumped 1.4% — the largest advance since January, primarily due to higher oil and gas extraction. | ||