THE BASIS POINT

Industrial Production could Reflect Retooloing.

 

Industrial Production (August 2014)

– Production month/month  -0.1%. Previous was revised down to +0.2%

– Capacity Utilization Rate  78.8%. Previous was 79.3%

– Manufacturing month/month  -0.4%. Previous was revised down to +0.7%.

At this time of the year these numbers are less meaningful because they may only reflect the schedules of the retooling of automobile assembly lines.

Empire State Manufacturing Survey (September 2014)

– General Business Conditions Index 27.54. Previous was 14.69.

This is a survey index and a relic from the era when New York State had an important role in manufacturing.

 

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