Steel Products Prices North America
May 15, 2014
April Industrial Production and Manufacturing Capacity Utilization
Written by Peter Wright
Both Industrial Production (IP) and Manufacturing Capacity Utilization are reported in the Federal Reserve G17 data base. The IP index was reported as 102.744 for April, with a three month moving average (3MMA) of 102.83. This was the fifth consecutive month for the index to exceed the pre-recession peak of September 2007. The 3MMA has expanded for 12 straight months and is up by 3.55 y/y. Data is seasonally adjusted. This index is based on the July 2007 level being defined as 100, (Figure 1).
