Industrial Production Jumps 1 Percent From Negative Revisions, Autos Lead The Way

Industrial production numbers from the Fed, chart by Mish

Industrial Production Month-Over-Month Details

• Industrial Production: +0.99 Percent
• Manufacturing Durable Goods: +1.68 Percent
• Consumer Durable Goods: +2.70
• Motor Vehicles and Parts: +5.17 Percent
• Manufacturing: +0.46 Percent
• Aircraft and Parts: +1.59 Percent

Industrial Production Index

Industrial Production Index Since 1972

The manufacturing production index peaked at 106.42 in December of 2007, just before the Great Recession and has never reached a new high.

In October of 2022, the manufacturing index was 101.23, and that was the post-pandemic high.

The manufacturing index is currently 100.10.

Retail Sales Surge 0.7 Percent in July but Autos Decline 0.3 Percent

Meanwhile I am wondering about autos. Yesterday, I noted Retail Sales Surge 0.7 Percent in July but Autos Decline 0.3 Percent

Auto sales declined 0.3 percent but production is up 5.17 percent. That assumes no revisions which might be a big stretch.

Speaking of revisions, please see Housing Starts Rise 3.9 Percent in July from Still More Negative Revisions

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Retail Sales Surge 0.7 Percent In July But Autos Decline 0.3 Percent