Industrial Production in US and Europe – Down in both cases

Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. The index for utilities rose 0.2 percent, while mining output moved down 0.8 percent. At 110.2 percent of its 2012 average, total industrial production was 2.8 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in March to 78.8 percent, a rate that is 1.0 percentage point below its long-run (1972–2018) average.

Chosen excerpts by Job Market Monitor. Read the whole story at The Fed – Industrial Production and Capacity Utilization – G.17

Industrial production down by 0.2% in euro area

In February 2019 compared with January 2019, seasonally adjusted industrial production fell by 0.2% in the euro area (EA19) and remained unchanged the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2019, industrial production grew by 1.9% in the euro area and by 1.3% in the EU28.

Chosen excerpts by Job Market Monitor. Read the whole story at Industrial production down by 0.2% in euro area