Durable Goods Production Grows 1.1% in September
(Positive) The durable goods industrial production index was 107.4 in September 2016. In September, the index grew 1.1 percent compared with one year ago. That was the fastest rate of growth since April. And, it was the third time in four months the index increased. However, the rates of change have been small. Since March 2015, the one-month rate of change has moved more than plus/minus 1.0 percent in just three months. As a result, the annual rate of change has been between 0.0 or 0.2 percent since March 2016.
We track industrial production and its leading indicators for a number of industries. Click on the links below to see how each industry is faring.
Accelerating Contraction: custom processors; industrial motors/hydraulics/mechanical components; machinery/equipment; off-road/construction machinery; oil/gas-field/mining machinery; power generation; ship buildingblog comments powered by Disqus