Economy
November 17, 2013
Industrial Production & Manufacturing Capacity Utilization
Written by Peter Wright
Both industrial production (IP) and manufacturing capacity utilization data points are reported in the Federal Reserve G17 data base. The IP index was reported as 99.98 for October, down by 0.14 from September.
This index is based on the July 2007 level being defined as 100. The three month moving average, (3MMA) accelerated to a growth rate of 3.1 percent year-over-year, the best result since September 2012 and the third month of accelerating growth rate (Figure 1). This is another example of how not to get swayed by a single months result.
