Industrial Production Declined 0.4% in August

Industrial production decreased 0.4 percent in August, after increasing 0.9 percent in July. Total industrial production is at 107.1 percent of its 2012 level and 0.9 percent above its year-earlier level.

Industrial Production

Manufacturing output fell 0.5 percent in August primarily due to a large drop in motor vehicle parts. Mining, fell 0.6 percent on the month, while utilities rose 0.6 percent.

Capacity utilization fell 0.4 percentage point in August to 77.6 percent, 2.5 percentage points below its long-run (1972-2014) average.

Production of final products decreased 0.4 percent, as both consumer goods and business equipment fell.

Read the Federal Reserve release.