Industrial Production and Capacity Utilization - G.17 as of October 17 2023

The plot is a line graph showing the percent change from the previous year for the Industrial Production Index for various sectors of the US economy. 

The line for each sector shows how the Industrial Production Index for that sector changed from the previous year. For example, the line for the Mining, Quarrying, and Oil and Gas Extraction sector shows that the Industrial Production Index for that sector increased by 3.38% in 2023 compared to 2022.

The plot shows that the Mining, Quarrying, and Oil and Gas Extraction sector and the Utilities: Electric and Gas Utilities sector were the only sectors that saw positive growth in 2023. The Manufacturing sector and the Non-Durable Manufacturing sector saw the largest declines in 2023.

Overall, the plot shows that the performance of the different sectors of the US economy was mixed in 2023. Some sectors, such as Mining, Quarrying, and Oil and Gas Extraction, saw positive growth, while others, such as Manufacturing and Non-Durable Manufacturing, saw declines.

Source:https://www.federalreserve.gov/releases/g17/