Economy
March 23, 2015
Industrial Production and Manufacturing Capacity Utilization
Written by Peter Wright
Both these data points are reported in the Federal Reserve G17 data base. The IP index was reported as 105.8 for February a slight increase of 0.08 from January. The three month moving average (3MMA) was 105.87, down by 0.17 from January which was the highest value ever and the ninth straight month where the growth of the 3MMA exceeded 4 percent year over year.
The last 12 months have experienced the best growth since immediately after the recession. The 3MMA was up by 4.1 percent y/y in February. Data is seasonally adjusted and the index is based on the July 2007 level being defined as 100 (Figure 1).
