Christopher Furlong, Getty Images
Industryweek 12824 011817 Apprentice Grinding Christopherfurlong

US Industrial Production Up 0.8% in December

Jan. 18, 2017
The December gain was the largest since November 2014, and above analysts’ expectations for a 0.6% increase, with manufacturing up 0.2%.

Industrial output jumped in December, retracing the decline in November, which was bigger than originally reported, with consumer goods and utilities leading the way, the Federal Reserve reported Wednesday.

The Industrial Production index rose 0.8% compared to November, when the index was revised down to show a 0.7% drop. The December gain was the largest since November 2014, and above analysts’ expectations for a 0.6% increase. Output was up 0.5% compared to December 2015.

The monthly increase was driven by a jump in consumer durables, mostly autos, which outweighed the drop in home electronics, to fuel a 1.1% gain, after a 1.0% drop in November. And a return to more normal winter temperatures after an unseasonably warm November pushed the 6.6% surge in utilities output last month, the largest increase since December 1989.

Manufacturing rose 0.2% compared to November, but mining output was unchanged as increased oil and gas extraction was not enough to offset the declines in other mining. Oil and gas drilling surged 9.3% in the month, but was still 10.5% below the year-ago level.

Mining was down 2.8% from December 2015, while utilities increased 6.2%.

Industrial capacity utilized in the month rose to 75.5% from 74.9% in November, and was up 0.4 percentage points from a year earlier.

Copyright Agence France-Presse, 2017

Popular Sponsored Recommendations

Four Keys To Operational Excellence

Sept. 20, 2023
As manufacturers face supply chain disruption and shrinking margins, increasing operations performance is critical. Our smart manufacturing guidebook can help you achieve the ...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Voice your opinion!

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