Industrial Production + Manufacturing + Capacity Utilization During October 2021

The Industrial Production, Manufacturing and Capacity Utilization numbers for October 2021 were released by the Federal Reserve this morning:

Industrial Production:
Predicted: +1.5%
Actual: +1.6%

Manufacturing:
Predicted: +1.0%
Actual: +1.2%

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: 75.0%
Actual: 76.4% 

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 rose 1.6 percent in October after falling 1.3 percent in September; about half of the gain in October reflected a recovery from the effects of Hurricane Ida. Manufacturing output increased 1.2 percent in October; excluding a large gain in the production of motor vehicles and parts, factory output moved up 0.6 percent. The output of utilities rose 1.2 percent, and mining output stepped up 4.1 percent.

At 101.6 percent of its 2017 average, total industrial production in October was 5.1 percent above its year-earlier level and at its highest reading since December 2019. In October, capacity utilization for the industrial sector increased 1.2 percentage points to 76.4 percent; even so, it was still 3.2 percentage points below its long-run (1972–2020) average..."

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CHART: Industrial Production
+ Manufacturing
+ Capacity Utilization

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• Click here to view the full Federal Reserve report

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