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Economy

Economic Data (USA)

Friday, November 16, 2018

Industrial Production + Manufacturing + Capacity Utilization During October 2018

The Industrial Production, Manufacturing and Capacity Utilization numbers for October 2018 were released by the Federal Reserve this morning:

Industrial Production:
Predicted: +0.2%
Actual: +0.1%

Manufacturing:
Predicted: +0.3%
Actual: +0.3%

The yellow-highlighted percentages represent the month-to-month change in manufacturing, and physical output from mining operations, utility plants and factories for the entire United States.

Capacity Utilization Rate:
Predicted: 78.2%
Actual: 78.4

The Capacity Utilization Rate represents the use of available resources at mining operations, utility plants and factories for the entire United States last month.

The "predicted" figures are what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...Industrial production edged up 0.1% in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7% in the third quarter, appreciably above the gain of 3.3% reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1% per month. In October, manufacturing output rose 0.3% for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3% and 0.5%, respectively. At 109.1% of its 2012 average, total industrial production was 4.1% higher in October than it was a year earlier. Capacity utilization for the industrial sector was 78.4%, a rate that is 1.4 percentage points below its long-run (1972–2017) average..."

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