Global| Mar 15 2019U.S. Industrial Production Declines Broadly
Summary
Industrial production declined 0.6% (+3.8% y/y) during January....... Manufacturing production declined 0.9% (+2.8% y/y) .... Industrial production and capacity data and US Population-Weighted Heating and Cooling Days are included in [...]
Industrial production declined 0.6% (+3.8% y/y) during January....... Manufacturing production declined 0.9% (+2.8% y/y) ....
Industrial production and capacity data and US Population-Weighted Heating and Cooling Days are included in Haver's USECON database. Additional detail on production and capacity can be found in the IP database. The expectations figures come from the AS1REPNA database.
| Industrial Production (SA, % Change) | Feb | Jan | Dec | Feb Y/Y | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Total Output | -0.6 | 0.1 | 0.6 | 3.8 | 4.0 | 1.6 | -2.0 |
| Manufacturing | -0.9 | 0.8 | 0.3 | 2.8 | 2.4 | 1.2 | -0.8 |
| Consumer Goods | -0.7 | -0.9 | 0.3 | 0.1 | 2.3 | 0.0 | 0.7 |
| Business Equipment | -1.5 | 1.0 | 0.3 | 3.8 | 3.1 | 3.2 | -5.3 |
| Construction Supplies | -0.4 | 2.0 | 0.6 | 5.3 | 3.3 | 2.5 | 0.9 |
| Materials | -0.4 | 0.3 | 1.1 | 6.2 | 5.9 | 2.0 | -3.0 |
| Utilities | 0.4 | -6.9 | 2.2 | -5.5 | 4.1 | -1.3 | -0.4 |
| Mining | 0.1 | 1.5 | 1.1 | 15.3 | 12.5 | 6.4 | -9.7 |
| Capacity Utilization (%) | 78.2 | 78.8 | 78.9 | 77.0 | 78.0 | 76.1 | 75.4 |
| Manufacturing | 75.8 | 76.5 | 76.0 | 74.7 | 75.7 | 74.8 | 74.6 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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