Durable Goods Production Grows for 5th Month

(Positive) The durable goods industrial production index was 108.5 in October 2016. In October, the index grew 0.9 percent compared with one year ago. That was the fifth month in a row and the sixth time in seven months that the index grew. 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. The annual rate of growth accelerated for the second month in a row. Even though the rate of growth, 0.3 percent, was still quite low, it was the fastest rate of annual growth since January.

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 Growth: appliances, construction materials, durable goods, electronics/computers/telecommunications, hardware, medical

Decelerating Growth: automotive, food/beverage, furniture, HVAC, petrochemical processors

Accelerating Contraction: custom processors, industrial motors/hydraulics/mechanical components, plastic/rubber products, power generation, printing, ship/boat building, textiles/clothing/leather goods

Decelerating Contraction: aerospace, forming/fabricating (non-auto), machinery/equipment, metalcutting job shops, military, off-road/construction machinery, oil/gas-field/mining machinery, primary metals, pumps/valves/plumbing, wood/paper