Durable Goods Production Growth Slowest since July 2013
The durable goods industrial production index was 108.4 in September 2015. In September, the one-month rate of change was 0.3 percent, which was the fourth month in a row that it was below 2.0 percent. Also, that was the slowest rate of month-over-month growth since July 2013. The annual rate of growth decelerated to 3.1 percent, which was the seventh straight month that the growth rate decelerated. This was the slowest rate of annual growth since July 2014.
The best leading indicators for durable goods production are housing permits, durable goods new orders, and consumer durable goods spending. Housing permits have grown at an accelerating rate recently. The one-month rate of change in durable goods new orders has contracted for seven months and the annual rate of change contracted in August for the fsecond month in a row. Durable goods spending is still growing at a relatively strong rate and above its historical average.
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.
Decelerating Growth: appliances; construction materials; custom processors; durable goods; electronics/computers/telecommunications; forming/fabricating (non-auto); furniture manufacturing; industrial motors/hydraulics/mechanical components; machinery/equipment; medical; petrochemical processors; plastic/rubber products; power generation; ship building; textiles/clothing/leather goods; wood/paper products
Decelerating Contraction: military
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