Supply Chain Monitor: Industrial Production October 2024
In this month’s report, we saw contraction in the overall aggregate, with a decline of 0.3% month-over-month for a year-over-year decline of 0.3%.
In this month’s report, we saw contraction in the overall aggregate, with a decline of 0.3% month-over-month for a year-over-year decline of 0.3%.
Overall input cost inflation has been accelerating again in recent months, driven almost entirely by increases on the Services side.
While the Inflation Reduction Act (IRA) has already successfully catalyzed investment, there is still more that it can do. Complementary policies addressing price volatility and supply chain vulnerability, as well as permitting reform and other policies, will be needed.
The index of Total Industrial Production fell by 0.3% month over month in the September data, for a 0.6% year over year decline.
PPI for All Commodities fell by 1.2% month over month in the September data, for a 2.5% year over year fall.