This visualisation shows various macroeconomic indicators related to industrial production and their impact on the economy and the stock market. Below is more detailed information about individual indicators:

Industrial Production: Total Index, Industrial Production: Manufacturing (NAICS) and Industrial Production: Manufacturing (SIC) are measures of the overall industrial production in the economy. These represent the output of the manufacturing, mining, and utilities sectors. An increase in the indicator indicates growth in industrial activity, which is generally seen as a positive sign for the economy. It in turn, suggests increased production, job opportunities, and overall economic expansion.

NAICS refer to North American Industry Classification System and SIC refers to Standard Industrial Classification System.

Industrial Production: Consumer Goods focuses specifically on the output of consumer goods manufacturing. It measures the production of goods intended for personal consumption, such as automobiles, appliances, and clothing. A related indicator, Industrial Production: Durable Consumer Goods specifically measures the production of durable consumer goods, which are goods with a longer lifespan, such as cars, furniture, and electronics. Changes in the production of consumer goods provide insights into consumer confidence, spending on big and small-ticket items, and overall economic stability. An increase in production suggests higher consumer demand and economic growth.

Key Takeaways

These industrial production indicators, along with other related metrics, serve as important barometers of economic health and can provide valuable insights into the overall performance of the economy and potential stock market trends. Positive changes in this indicator can influence the stock market, particularly for companies in the durable goods sector. It is important to analyse these indicators in conjunction with other economic data and market factors to make informed decisions and predictions.