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.