Auto Sector Production Decline Weighs Down Industrial Output, Federal Reserve Reports
09/15/2010
Total industrial production was at 93.2 percent of its 2007 average in August, with total production that month 6.2 percent higher than the previous year. Capacity utilization climbed to 74.7 percent, 4.7 percentage points greater than the previous year. However, that was still 5.9 percentage points lower than its average from 1972 to 2009.
The auto industry experienced the largest production drop of 5.2 percent. Appliances, furniture, and carpeting declined 2.1 percent, while other sectors experienced only slight contractions.
Gaining sectors included construction supply production, which rose 0.8 percent in August after a 0.3 percent decline in July.
Most Read
-
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
What Should High-Growth Companies Look for in a Community?
Q4 2019
-
The Trade War and Its Impact on the Location Decision Process
Q4 2019
-
A Changing Food Manufacturing Industry
2017 Food Processing
-
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
Q1 2019