Economy
December 18, 2015
Industrial Production and Manufacturing Capacity Utilization
Written by Peter Wright
Both of these data points are reported in the Federal Reserve G17 data base. The index had an all-time high of 107.9108 in November last year but on a month over month (m/m) basis has declined for nine of the first eleven months of 2015. This contrasts sharply with last year when in only one month did the m/m index decline.
On a year over year basis using a three month moving average (3MMA) growth became negative in November for the first time since February 2010. The November y/y decline was very slight at -0.03 percent but was a significant drop from last month when growth was +0.85 percent and down from +4.5 percent in January (Figure 1).
