Growth in Production Continues

(Positive) The durable goods industrial production index was 104.9 in January 2017. In January, the index grew 1.3 percent compared with one year ago, which was the second fastest rate of growth since February 2015. That was the eighth month in a row and the ninth time in 10 months that the index grew. While the rates of change generally have been small, the rate of growth has accelerated somewhat the last five months. The annual rate of growth accelerated was unchanged from last month. Even though the rate of growth, 0.5 percent, was still quite low, it was the fastest rate of annual growth since November 2015.

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, durable goods, electronics/computers/telecommunications, HVAC, wood/paper 

Decelerating Growth: automotive, construction materials, food/beverage, hardware, medical, petrochemical processors, textiles/clothing/leather goods

Accelerating Contraction: custom processors, furniture, plastic/rubber products, printing, ship/boat building 

Decelerating Contraction: aerospace, forming/fabricating (non-auto), industrial motors/hydraulics/mechanical components, machinery/equipment, metalcutting job shops, military, off-road/construction machinery, oil/gas-field/mining machinery, power generation, primary metals, pumps/valves/plumbing