Updated: 18-Mar-25 09:34 ET
| February Industrial Production |
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| Updated: 18-Mar-25 09:34 ET |
Highlights
- Total industrial production increased 0.7% month-over-month in January (Briefing.com consensus 0.2%) following a downwardly revised 0.3% increase (from 0.5%) in January.
- The capacity utilization rate jumped to 78.2% (Briefing.com consensus 77.7%) from a downwardly revised 77.7% (from 77.8%) in January.
- Total industrial production increased 1.4% yr/yr while the capacity utilization rate was 1.4 percentage points below its long-run average.
Key Factors
- Manufacturing output jumped 0.9% following an downwardly revised 0.3% increase (from 0.5%) in January, with the durable manufacturing index increasing 1.6% and the nondurable manufacturing index jumping 0.2%. Manufacturing capacity utilization rose to 77.0% from an upwardly revised 76.4% (from 76.3%) in January.
- Mining production increased 2.8% following a 3.2% decline in January. Mining capacity utilization increased to 90.3% from 87.9% in January.
- The output of utilities declined 2.5% following a 6.1% increase in January. Utilities capacity utilization fell to 73.9% from 76.1% in January.
Big Picture
- The key takeaway from the report is that there was a solid increase in manufacturing output that was led by an 8.5% jump in the index for motor vehicles and parts, which likely had some tariff frontrunning involved. Motor vehicle assemblies increased 11.5% month-over-month to a seasonally adjusted annual rate of 10.35 million.
| Category | FEB | JAN | DEC | NOV | OCT |
| Industrial Production | |||||
| Total Index | 0.7% | 0.3% | 1.1% | -0.2% | -0.3% |
| Manufacturing | 0.9% | 0.1% | 0.5% | 0.1% | -0.6% |
| Utilities | -2.5% | 6.1% | 4.6% | -2.0% | 0.4% |
| Mining | 2.8% | -3.2% | 1.9% | -0.6% | 0.4% |
| Capacity Utilization | |||||
| Total Industry | 78.2% | 77.7% | 77.6% | 76.8% | 77.1% |
| Manufacturing | 77.0% | 76.4% | 76.4% | 76.1% | 76.1% |
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