Steel Products Prices North America
October 29, 2013
Industrial Production and Manufacturing Capacity Utilization, September 2013
Written by Peter Wright
Both these data points are reported in the Federal Reserve G17 data base. The Industrial Production (IP) index was reported as 100.04 for September, up by 5.7 percent from the 99.47 result in August. This was the first month >100 since February 2008. The three month moving average (3MMA) increased by 2.5 percent year over year (Figure 1). This was the second month of accelerating growth rate. Industrial production is still the least up-beat of the manufacturing indicators so the reversal of it’s growth trend is a welcome sign.
