Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
U.S. Industrial Output Rises Beyond Expectations
By Garvit Vyas , 21 October, 2022
U.S. industrial production rose by 0.4 percent in September because of higher manufacturing output, especially in the auto industry, and the easing of supply-chain constraints. A report issued by the U.S. Federal Reserve revealed that the utility index decreased by 0.4 percent while the mining index increased by 0.6 percent.
Total industrial production in September increased by 5.3 percent from the same month last year, or 105.2% of its 2017 average. In September, capacity utilization increased by 0.2 percentage points to 80.3 percent, 0.7 percenta.ge points higher than the long-term (1972–2021) average.
According to the Federal Reserve, mining output increased by 0.6% thanks to increased oil and gas extraction. Manufacturing capacity utilization grew in September by 0.3 percentage points to 80.0 percent, which is 1.8 percentage points higher than the long-term average. The operating rate for utilities decreased by 0.4 percentage points to 72.8 percent, and the operating rate for mining increased by 0.4 points to 88.8 percent. It must be noted that the rate for utilities continued to be much below its long-run average; the rate for mining was 2.5 percentage points above it.
Amidst growing concerns of a recession, inflation, and rising interest rates, a shift in consumer spending to services, and a general downturn in the U.S. economy as well as in Europe and China, the factory sector in the United States is predicted to slow down in the upcoming months.
US Manufacturing Sectors Holds Firm
Latest News
Surge in Plant-Based Alternatives Innovative APAC Innovations and Consumer Interest Set to Hit Shelves in 2025
The Plant-Based Surge: New Meat Alternatives Hitting APAC Shelves Market 2025 is benefitting from an innovation cycle, a change in diet preferences, and sustainability needs. There is an emerging focus from start-ups, universities, and global food…
Recycled Polymers Surge in Global Packaging Demand in 2025
The global packaging industry is projected to have a sharp increase in the consumption of recycled polymers in relation to sustainability goals by 2025. This change is likely caused by regulations, business commitments to sustainability, and advances…
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
The Flexible Packaging Market’s role in reducing food waste in 2025 is becoming increasingly pivotal as governments, food producers, and packaging companies align around sustainability targets. With global food waste exceeding 1.3 billion tons…
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
In 2025, the CnM (Composites and Materials) Market is witnessing a pivotal shift as green chemistry startups accelerate the production of bio-based resins, driven by regulatory pressures and sustainability commitments across industries. The momentum…
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
In the first quarter of 2025, India experienced a remarkable decline of 12 percent in the cost of solar photovoltaic (PV) systems for the first time in history. This is a turning point for the country's renewable energy sector. The improvements in…
Garvit Vyas
Analyst
Latest News
Recycled Polymers Surge in Global Packaging Demand in 2025
Flexible Packaging Market 2025 Sees Strong Growth Driven by Food Waste Reduction Initiatives
Green Chemistry Update Startups Scale Bio-Based Resin Production in the CnM Market 2025
Solar Prices Fall by 12% in the first quarter of 2025 Effects on India's Renewable Energy Sector
