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

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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