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Home » Distribution Industry News » Industrial Production Up 0.4% in August

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  • Published on: September 20, 2023

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Distribution Industry News

Industrial Production Up 0.4% in August

Industrial production increased 0.4% in August, and manufacturing output inched up 0.1%.  

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The August reading for manufacturing was held back by a drop of 5% in the output of motor vehicles and parts; factory output elsewhere rose 0.6%.  

The index for durable manufacturing edged up 0.1% in August, and the index for nondurable manufacturing increased 0.2%.  

The index for mining moved up 1.4%, and the index for utilities climbed 0.9%. At 103.5% of its 2017 average, total industrial production in August was 0.2% above its year-earlier level.  

Capacity utilization moved up to 79.7% in August, in line with its long-run (1972–2022) average. 

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