US-Industrial Production (Aug. 2018)
Release Date: 14th September 2018; Industrial production rose 0.4 % in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 % on the strength of a 4.0 % rise for motor vehicles and...
...parts; motor vehicle assemblies jumped to an annual rate of 11.5 million units, the strongest reading since April 2018. Excluding the gain in motor vehicles and parts, factory output was unchanged. The output of utilities advanced 1.2 %, and mining production increased 0.7 %; the index for mining last decreased in January 2018. At 108.2 % of its 2012 average, total industrial production was 4.9 % higher in August than it was a year earlier.
Keep in mind, that the US Industrial Production Index (INDPRO) is the oldest of the four famous Econonomic indicators, stretching back to 1919. The other three big indicators in the "business cycle identification process" are:
♦ Nonfarm Employment,
♦ Real Retail Sales and
♦ Real Personal Income (excluding Transfer Receipts)
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