Industrial production dipped in December
Industrial production declined 0.4 percent in December, primarily as a result of cutbacks for utilities and mining.
The decrease for total industrial production in November was larger than previously reported, but upward revisions to earlier months left the level of the index in November only slightly below its initial estimate. For the fourth quarter as a whole, industrial production fell at an annual rate of 3.4 percent.
Manufacturing output slipped 0.1 percent in December and increased at an annual rate of 0.5 percent in the fourth quarter. Factory output in December was 0.8 percent above its year-earlier level. The output of durable goods moved up slightly in December. Among the categories of durables, the indexes for motor vehicles and parts and for primary metals each dropped more than 1.5 percent, while the indexes for electrical equipment, appliances, and components and for computer and electronic products each increased more than 1.5 percent.
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INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
