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Durable Goods Production Grows at Fastest Rate Since July 2015
The month-over-month rate of change has not contracted since August 2016, pushing the annual rate of growth to its fastest rate since July 2015.
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(Positive) The durable goods industrial production index was 101.6 in July 2017. In July, the index increased 0.7 percent compared with one year ago, which was the 10th time in 11 months the index increased. The annual rate of growth was 0.9 percent. This was the fastest rate of growth since July 2015. And, the annual rate of growth accelerated for the sixth straight month.
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: construction materials, durable goods, electronics/computers/telecommunications, food/beverage, forming/fabricating (non-auto), machinery/equipment, oil/gas-field/mining machinery, petrochemical processors, pumps/valves/plumbing, wood/paper
Decelerating Growth: appliances, automotive, custom processors, hardware, HVAC
Accelerating Contraction: aerospace, medical, military, plastic/rubber products, textiles/clothing/leather goods
Decelerating Contraction: furniture, industrial motors/hydraulics/mechanical components, metalcutting job shops, off-road/construction machinery, power generation, primary metals, printing, ship/boat building