G17: G.17 Data for January 2025 are now available

Industrial production and capacity utilization data for January 2025 are now available.

Industrial production (IP) increased 0.5 percent in January after moving up 1.0 percent in December. In January, gains in the output of aircraft and parts contributed 0.2 percentage point to total IP growth following the earlier resolution of a work stoppage at a major aircraft manufacturer. Manufacturing output declined 0.1 percent in January, held down by a 5.2 percent decrease in the index for motor vehicles and parts. The index for mining fell 1.2 percent, while the index for utilities jumped 7.2 percent, as cold temperatures boosted the demand for heating. At 103.5 percent of its 2017 average, total IP in January was 2.0 percent above its year-earlier level. Capacity utilization stepped up to 77.8 percent, a rate that is 1.8 percentage points below its long-run (1972–2024) average.