August industrial production rose for third straight month, up 4.9 percent year-on-year

Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicles and parts. At 108.2 percent of its 2012 average, total industrial production was 4.9 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector moved up in August to
78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.

READ MORE