September U.S. Industrial Production Exceeds Expectations - Modern Distribution Management

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September U.S. Industrial Production Exceeds Expectations

The increase in production was in part thanks to oil and autos bouncing back after a lackluster August.
Industrial Production Rises October 2021
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The U.S. Federal Reserve released its monthly report for U.S. industrial production on Oct. 18, with the lead figure surpassing consensus expectations.

Total industrial production increased 0.4% in September, according to the report. The gain was quadruple the 0.1% increase forecasted in an economist survey from The Wall Street Journal. Additionally, total industrial output in August was revised to a decline of 0.1% from the initial estimate of 0.2%.

Capacity utilization — which reflects limits to operations in U.S. factories, mines and utilities — rose to 80.3% in September, a slight improvement from 80.1% in August. Economists had projected an 80% rate.

Manufacturing output rose 0.4% in September after advancing a similar amount the previous month, according to the report. Motor vehicles and parts output rose 1% after 1.5% drop in August. Utilities output fell 0.3% in September following a significant 3.3% decline in August, while the index for mining increased 0.6% after being flat the previous month.

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