Industrial Production Rises In January

Jan. 13, 2005
Industrial production rose 0.8% in January over the previous month, according to figures released Feb. 17 by the Federal Reserve, propelled by a 5.2% rise in utilities output. Combined with a downward revision to December's figure, overall industrial ...

Industrial production rose 0.8% in January over the previous month, according to figures released Feb. 17 by the Federal Reserve, propelled by a 5.2% rise in utilities output. Combined with a downward revision to December's figure, overall industrial production in January was 2.4% higher than the January 2003 level. Industrial production includes manufacturing, mining and utilities. Manufacturing output also rose in January, but by a lesser amount -- 0.3%. January 2004 production was 2.3% higher than in January 2003. "This was the fifth consecutive monthly rise in manufacturing output," says Jerry Jasinowski, president of the Washington, D.C.-based National Association of Manufacturers. "The continuation of the manufacturing recovery was fueled by durable-goods production, where output rose by 0.6 in January." Machinery, motor vehicles and aerospace products all increased for a third consecutive month in January. Primary metals fell by 1.4% and home electronics dropped by 4.2%. Capacity utilization among all industries was 76.2% in January, up 1.1% from January 2003. Manufacturing capacity was 74.6%, up slightly from the revised figure of 74.4% for December 2003 and up 0.9% over the level of a year ago.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!