Valve Magazine

Fri04182014

Last updateThu, 17 Apr 2014 1pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy Federal Reserve: Industrial Output Up 0.1 Percent in May

Manufacturing & The Economy

Federal Reserve: Industrial Output Up 0.1 Percent in May

Industrial production was unchanged in May after having decreased 0.4% in April. Gains in manufacturing and mining were offset by a decrease of 1.8% in the output of utilities. At 98.7% of its 2007 average, total industrial production in May was 1.6% above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1% to 77.6%, a rate 0.2% below its level of a year earlier and 2.6% below its long-run (1972–2012) average.

Manufacturing output moved up 0.1% in May after having declined 0.3% in March and 0.4% in April. The index in May was 1.7% above its year-earlier level but was little changed, on net, since the turn of the year. The factory operating rate held steady in May at 75.8%, a rate 2.9% below its long-run average.

The output of durable goods advanced 0.2% in May and stood 2.9% above its year-earlier level. Among its major components, the largest gains were posted by wood products and by computer and electronic products, each of which increased 1.1%, and the largest losses were recorded in primary metals and in furniture and related products, each of which fell about 1%. Capacity utilization for durable goods manufacturing was unchanged at 75.9%, a rate 1.1% below its long-run average.

Sponsored Products

 

Valve Magazine Digital Edition

SPR14 CVR 160x214Inside the Spring 2014 issue…

• Tank Cars
• DBBS & DIBS
• Shale Gas
• New Globe Standard

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL