Economy
September 15, 2016
Industrial Production and Manufacturing Capacity Utilization in August 2016
Written by Peter Wright
Both these data points are reported in the Federal Reserve G17 data base. The index had an all-time high of 106.70 in November 2014 and trended down until June this year when it experienced a two month turnaround followed by a slight decline in August to 104.402. The three month moving average (3MMA) had positive month over month growth in June, July and August for the first time since September last year. Figure 1 shows the 3MMA of the index and the year over year (Y/Y) growth.
