Economy
March 18, 2014
Industrial Production and Manufacturing Capacity Utilization in February 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 101.63 for February, this was the fourth consecutive month for the index to exceed the pre-recession peak of September 2007. The three month moving average, (3MMA) of the index expanded by 0.62 month on month and by 2.9 year on year. Data is seasonally adjusted. The three month moving average (3MMA) at 101.27 was the highest since January 2008 which was also the pre-recessionary peak. This index is based on the July 2007 level being defined as 100 (Figure 1).
