{"id":162309,"date":"2022-10-18T11:15:00","date_gmt":"2022-10-18T15:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=162309"},"modified":"2023-01-19T18:03:01","modified_gmt":"2023-01-19T23:03:01","slug":"supply-chain-improvements-drove-septembers-industrial-recovery","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/supply-chain-improvements-drove-septembers-industrial-recovery\/","title":{"rendered":"Supply Chain Improvements Drove September\u2019s Industrial Recovery"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Industrial production and capacity utilization data released today appear favorable for GDP while providing somewhat mixed messages about inflation. Industrial production notched a 0.4% month-over-month gain, better than expectations of 0.1% and a recovery from August\u2019s 0.1% decline. On a year-over-year basis, September\u2019s gain came in at 5.3%, better than August\u2019s 3.9% reading. Capacity utilization recovered back to the July level of 80.3 after falling to 80.1 in August. Gains were broad based across major market and industry groups and driven largely by supply chain improvements.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"797\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-1100x797.png\" alt=\"Supply Chain Improvements Drove September's Industrial Recovery\" class=\"wp-image-162311 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-1100x797.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-700x507.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-300x217.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-768x557.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12-1536x1114.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/Picture1-12.png 1778w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/797;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On an optimistic note, higher industrial production and capacity utilization are positive on the inflationary front because more goods being produced offers more supply for consumers to bid on, softening price pressures as consumers have more options.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, capacity utilization, or the percentage of the industrial sector\u2019s production capabilities being used, implies that efficiencies are improving, a deflationary development. Within today\u2019s data release, furthermore, business equipment had the largest year-over-year production increase, reaching 8.2%, implying that the economy\u2019s production capacity is increasing and that business sentiment about the economy may be improving.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Industrial activity, however, is expected to slow in the coming months due to the shift in spending from goods to services, tightening financial conditions, slower economic growth and international challenges.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On balance, today\u2019s report is favorable for GDP.&nbsp; Increasing production and higher capacity utilization means that the demand for goods is rising and that production is improving. GDP is driven mainly by consumer spending in the U.S. and in most developed nations, so improving demand is encouraging.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The production of major market groups experienced strong recoveries that erased most of August\u2019s losses. Construction, consumer goods and business equipment posted solid gains of 1.1%, 0.6%, and 0.5%, offsetting all of August\u2019s weakness and adding gains on top. Materials also contributed to gains albeit more modestly. Major industries also performed well during the month with mining and manufacturing posting gains of 0.6% and 0.4%. Utilities offset some of the progress with a contraction of 0.3% during the period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/tradersacademy.online\/trading-lesson\/industrial-production\">Watch the Industrial Production Educational Video at Traders\u2019 Academy \u2013 Click Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial production and capacity utilization data released today appear favorable for GDP while providing somewhat mixed messages about inflation. <\/p>\n","protected":false},"author":903,"featured_media":164231,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[12711,18,6,8,9,26,3],"tags":[12966,527,4075],"contributors-categories":[13760],"class_list":["post-162309","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-economic-landscape","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-capacity-utilization","tag-gdp","tag-supply-chain","contributors-categories-ibkr-macroeconomics"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/10\/gas-steam-power-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/162309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=162309"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/162309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/164231"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=162309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=162309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=162309"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=162309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}