Industry Production and Employment Indices Mixed in March

Industry manufacturing activity levels were mixed in March, according to data released by the U.S. government.

The U.S. apparel industrial production index decreased in March compared to February but remains level compared to a year ago, signalling that the spike in domestic production might have been a temporary response to cost surges in the past year. Manufacturers responded by trying to cut and sew closer to home in order to respond more quickly to changes in demand.  However, it is too soon to tell whether this levelling off of domestic production activity is a trend or not.

The textile production index rose slightly compared to last month and a year ago. Apparel and textile production employment reamined stable in March. However, on a 12-month smoothed basis, apparel production employment fell by 1.6%, versus a 2.3% drop in textiles.

 

Apparel Mar-12 Feb-12 Mar-11
Production Index 61.9 62.9 61.8
Capacity Index 88.1 88.2 90.2
Capacity Utilization  71.4 71.8 68.5
Textile      
Production Index 78.4 78.3 74.7
Capacity Index 111.2 111.4 113.8
Capacity Utilization  70.4 69.7 65.7
Production Employment (000)    
Textile 234 234 239
Apparel 150 150 152