Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year. In August, the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. At 109.9 percent of its 2012 average, total industrial production was 0.4 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average.
Industrial Production and Capacity Utilization: Summary
|Industrial production||2012=100||Percent change|
|2019||2019|| Aug. '18 to
|Major market groups|
|Major industry groups|
|Manufacturing (see note below)||105.2||104.3||104.5||105.1||104.7||105.2||-.1||-.9||.1||.6||-.4||.5||-.4|
All of the major market groups recorded gains in August. The index for consumer goods moved up 0.2 percent, as an increase in nondurables was only partly offset by a decline in durables. The indexes for business equipment, defense and space equipment, construction supplies, business supplies, and materials all increased at rates between 1/2 percent and 1 percent. Materials posted an increase of 0.9 percent, reflecting gains for nondurables, durables, and energy materials.
Manufacturing output rose 0.5 percent in August, as the indexes for durables and for nondurables increased while the index for other manufacturing (publishing and logging) edged down. Production rose for most major categories within durable manufacturing. The largest gains were recorded by machinery, primary metals, and nonmetallic mineral products; the only sizable decline was recorded by motor vehicles and parts. The gain of 0.5 percent for nondurables reflected strength in plastics and rubber products and in chemicals; the other major nondurable goods industries registered either declines or very small increases.
Mining output increased 1.4 percent in August after having fallen a similar amount in July; output in July had been suppressed by a cutback in oil extraction in the Gulf of Mexico due to Hurricane Barry. The output of utilities increased 0.6 percent, with gains in both electric and natural gas utilities.
Capacity utilization for manufacturing increased 0.3 percentage point to 75.7 percent in August, a rate that is 2.6 percentage points below its long-run average. The operating rates for both durable and nondurable manufacturing increased 0.3 percentage point. The utilization rate for mining moved up to 90.5 percent, a bit lower than its average in the three months before Hurricane Barry but 3.4 percentage points higher than its long-run average. The rate for utilities increased 0.3 percentage point but remained well below its long-run average.
G.17 Release Tables:
- Summary: Industrial Production and Capacity Utilization
- Chart 1: Industrial Production, Capacity, and Capacity Utilization
- Chart 2: Industrial Production and Capacity Utilization
- Chart 3: Industrial Production of Selected Industries
- Table 1: Industrial Production: Market and Industry Groups (percent change)
- Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)
- Table 3: Motor Vehicle Assemblies
- Table 4: Industrial Production Indexes: Market and Industry Group Summary
- Table 5: Industrial Production Indexes: Special Aggregates
- Table 6: Diffusion Indexes of Industrial Production
- Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities
- Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)
- Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies
- Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
- Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry
- Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing
- Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries
- Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries
- Table 15: Industrial Production: Reliability Estimates