October 17, 2024

A strike at a major producer of civilian aircraft held down total Industrial Production growth by an estimated 0.3 percent in September, and the effects of two hurricanes subtracted an estimated 0.3 percent. For the third quarter as a whole, industrial production declined at an annual rate of 0.6 percent. At 102.6 percent of its 2017 average, total industrial production in September was 0.6 percent below its year-earlier level. But is the decline in the Industrial Production growth rate and capacity Utilization signaling an economic slowdown or a temporary blip due to the natural disasters? The estimated probability of the Industrial Production Index outperforming the trailing four quarters reaffirms our previous conclusion of a steady slowdown in the trailing four quarters Industrial Production growth, bottoming during the second quarter and then begin a steady Increase and end 2025 with a net expansion.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format