U.S. Outlook: Industrial production is on a roll, but will it last?

Scott Anderson
Posted by Scott Anderson
Chief Economist

A broad-based revival in industrial production at the end of 2013, and we look at various indicators of what this could mean for 2014.

Graph of US industrial productionBelow is a brief summary of my weekly analysis, followed by a link to the full U.S. Outlook report, delivered on Jan. 24, 2014.

Key observations:
  • Q4 U.S. export growth rose at 10% annualized pace.
  • Cold weather spurred Q4 U.S. industrial production.
  • High manufacturing capacity utilization could drive 2014 construction and real estate spending.
  • Consumer goods production is accelerating and broadening.
  • 2014 U.S. industrial production could be best since 2010.
  • Rate hikes and strong dollar shouldn’t derail U.S. industrial production revival.

Click here to read my full report.

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