Supply Chain Monitor: Industrial Production August 2024
In the August data release, domestic industrial production rebounded from an idiosyncratically weak July report.
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.
Aggregate industrial production was unchanged month-over-month in the April data, translating to a decline of 0.4% year over year.