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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Wednesday, October 19, 2011

September 2011 Industrial Production, Capacity Utilization and Capacity

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Industrial production increased 0.2 percent in September after having been unchanged in August. Previously, industrial production was reported to have stepped up 0.2 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 5.1 percent. Manufacturing output moved up 0.4 percent in September after having gained 0.3 percent in August. At 94.2 percent of its 2007 average, total industrial production for September was 3.2 percent above its year-earlier level. Output increased at both Wood Products and Paper plants: respectively, 2.4 and 1.1 percent.
 
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Capacity utilization for total industry edged up to 77.4 percent, a rate 1.7 percentage points above its level from a year earlier but 3.0 percentage points below its long-run (1972-2010) average. Manufacturing capacity utilization also rose by 0.3 percent from August. Wood Products and Paper capacity utilization both advanced: respectively, 2.6 and 1.2 percent.
 
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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); Wood Products dropped by 0.2 percent while Paper declined by 0.1 percent.

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