Industrial production rises
Industrial production increased 0.4 percent in December after having fallen 0.3 percent in November.
For the fourth quarter as a whole, industrial production rose at an annual rate of 3.1 percent, its 10th consecutive quarterly gain. In the manufacturing sector, output advanced 0.9 percent in December with similarly sized gains for both durables and nondurables.
Manufacturing production climbed 0.9 percent in December to a level 3.7 percent above that of 12 months earlier; gains in December were widespread among the major industry groups. The factory operating rate moved up 0.6 percentage point to 75.9 percent, but it was still 3.1 percentage points below its long-run average of 79.0 percent. For the fourth quarter, manufacturing production increased at an annual rate of 3.9 percent.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
