January industrial production unchanged
Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities.
Within manufacturing, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent.
Manufacturing output rose 0.7 percent in January after having increased 1.5 percent in December; the level of output in January was 4.5 percent above its year-earlier level. Capacity utilization for manufacturing moved up 0.5 percentage point to 77.0 percent, a rate 1.9 percentage points below its long-run average.
The production of durable goods advanced 1.8 percent in January. The output of motor vehicles and parts surged 6.8 percent following an upwardly revised increase of 3.8 percent in December. In January, gains of more than 1.0 percent were recorded for fabricated metal products; machinery; computer and electronic products; electrical equipment, appliances, and components; furniture and related products; and miscellaneous manufacturing. The output of aerospace and miscellaneous transportation equipment edged up 0.1 percent, while production decreased for wood products, nonmetallic mineral products, and primary metals.
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.
