November’s Industrial Production Rises 0.8%

Source: Federal Reserve. Graph: CalculatedRiskBlog.com

November’s industrial output rose 0.8% after being unchanged in October, the highest in 3 months. The graph presents the Capacity Utilization since 1967 to present. A few key things to note from this graph is; 1. Production is off of its record low set in June and 2. Production is still well below from a year ago. However, can that kink in the graph be the starting point of an uptrend to come? It is important to note that November’s economic data has been supporting evidence of a recovery, indicating a strong year to come!

Break Down;

Business Equipment -> +0.4%

Computers/Electronics -> +0.4%

Utility Production -> -1.8%

Mining Output (Includes Oil) -> 2.1%

Auto Parts/Production -> +1.8%

Share on Facebook

This entry was posted on December 15, 2009 at December 15, 2009 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.