Friday, October 16, 2009

US Industrial Production in September 2009

According to the US Federal Reserve Bank, industrial production rose 0.7% in September 2009 after an (upwardly revised) gain of 1.2% in August.

For Q3 (the third quarter) as a whole, output advanced at an annual rate of 5.2%, which is the first quarterly gain since the first quarter of 2008 and the largest gain since the first quarter of 2005!

Production in manufacturing increased 0.9% in September, and the index excluding motor vehicles and parts rose 0.5%.

Mining output incresed 0.7%, while the output of utilities fell 0.7%.

At 98.5 percent of its 2002 average, total industrial production was 6.1% below its level of a year earlier (Sept 2008).

In September 2009, the capacity utilization rate for total industry increased to 70.5 percent, a level 10.4 percentage points below its average for 1972 through 2008.

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