Supply Chain Monitor: Industrial Production Nov 2024
The November data continues to show broad-based normalization and slowing, with a few sectors in particular trouble.
The November data continues to show broad-based normalization and slowing, with a few sectors in particular trouble.
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%.
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.
In the August data release, domestic industrial production rebounded from an idiosyncratically weak July report.
The index for total industrial production fell by 0.6% month-over-month in July for a year-over-year decline of 0.2%. This follows a series of weak ISM reports, which would seem to suggest an industrial slowdown.