Supply Chain Monitor: Industrial Production - September 2024
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.
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.
The June G.17 Industrial Production report outperformed expectations.
The industrial production data posted slow growth for the month of May 2024, with the index rising 0.9% over the previous month, which translates to a 0.4% increase in year over year terms.