US Industrial Production Is Growing At The Fastest Pace In 4 Years As Manufacturing Rebounds
Amid hot inflation (CPI, PPI, Import/Export prices) and AI-infected growth scares, US Industrial Production data this morning added another twist, printing far better than expected as capacity utilization picked up further in September.
Headline Industrial Production rose 0.7% MoM in September (almost double the 0.5% MoM expected) with August's unchanged revised up to +0.1% MoM. That is the sixth straight month of gains for industrial production...
...lifting the annual increase in US industrial production to +2.25% - the highest since Sept 2022.
Utilities were the main driver: +3.5% in September (and a strong +14.8% annual rate in Q3) and Mining picked up.
US Manufacturing rebounded from August's dip (better than expected)...
Durable manufacturing was up only slightly as motor vehicles & parts fell 3.0%. Nondurables rose 0.4%, though semiconductors and related components were very strong.
Capacity Utilization also surprised to the upside (76.9% vs 76.5% exp).
That is the highest since Dec 2023 (but still 2.5 percentage points below its long-run (1972–2025) average).
Nevertheless, it was a clear beat on the side of growth (albeit uneven as autos lagged), driven largely by utilities, with manufacturing showing a modest rebound after prior softness.
Tyler Durden Fri, 10/16/2026 - 09:34
Continue reading...
[ H/T ZeroHedge ]
Amid hot inflation (CPI, PPI, Import/Export prices) and AI-infected growth scares, US Industrial Production data this morning added another twist, printing far better than expected as capacity utilization picked up further in September.
Headline Industrial Production rose 0.7% MoM in September (almost double the 0.5% MoM expected) with August's unchanged revised up to +0.1% MoM. That is the sixth straight month of gains for industrial production...
...lifting the annual increase in US industrial production to +2.25% - the highest since Sept 2022.
Utilities were the main driver: +3.5% in September (and a strong +14.8% annual rate in Q3) and Mining picked up.
US Manufacturing rebounded from August's dip (better than expected)...
Durable manufacturing was up only slightly as motor vehicles & parts fell 3.0%. Nondurables rose 0.4%, though semiconductors and related components were very strong.
Capacity Utilization also surprised to the upside (76.9% vs 76.5% exp).
That is the highest since Dec 2023 (but still 2.5 percentage points below its long-run (1972–2025) average).
Nevertheless, it was a clear beat on the side of growth (albeit uneven as autos lagged), driven largely by utilities, with manufacturing showing a modest rebound after prior softness.
Tyler Durden Fri, 10/16/2026 - 09:34
Continue reading...
[ H/T ZeroHedge ]
