• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

March 2018 Industrial Production Improvement Trend Continues

By Kurt Osterberg · On April 17, 2018

The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month. Our analysis agrees.

Analyst Opinion of Industrial Production

There was insignificant revision to the existing data over the last 6 months. The best way to view this is the 3 month rolling averages which improved. Industrial production is in a long term upward trend.

Manufacturing improved this month.

Manufacturing employment rate of growth is accelerating year-over-year.

  • Headline seasonally adjusted Industrial Production (IP) was up 0.5 % month-over-month and up 4.3 % year-over-year.
  • Econintersect‘s analysis using the unadjusted data is that IP growth decelerated 0.3 % month-over-month, and is up 4.3 % year-over-year.
  • The unadjusted year-over-year rate of growth accelerated 0.4 % from last month using a three month rolling average, and is up 4.1 % year-over-year.
  • The market was expecting (from Bloomberg / Econoday):
  • Headline Seasonally Adjusted Consensus Range Consensus Actual IP (month over month change) 0.2 % to 0.7 % +0.4 % +0.5 % IP Subindex Manufacturing (month over month change) 0.0 % to 0.6 % +0.2 % +0.1 % Capacity Utilization 77.8 % to 78.3 % 78.0 % 78.0 %

    IP headline index has three parts – manufacturing, mining and utilities – manufacturing was up 0.1 % this month (up 3.0 % year-over-year), mining up 1.0 % (up 10.8 % year-over-year), and utilities were up 3.0 % (up 5.3 % year-over-year). Note that utilities are 10.8 % of the industrial production index, whilst mining also is 10.8 %.

    Comparing Seasonally Adjusted Year-over-Year Change of the Industrial Production Index (blue line) with Components Manufacturing (red line), Utilities (green line), and Mining (orange line)

    Unadjusted Industrial Production year-over-year growth for 2 years has been near or below zero – it is currently trending up and in expansion.

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    • Finance

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    • Finance

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
    • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
    • Hedge Funds In The US Hedge Funds In The US
    • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

    New Posts

    • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      June 20, 2022
    • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      June 20, 2022
    • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

      June 20, 2022
    • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      June 20, 2022
    • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      June 20, 2022
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.