In August, the industrial production (IP) index decreased 0.4 percent compared to the previous month and was down 1.1 percent on a year-over-year basis. The manufacturing subindex also fell 0.4 percent from July and was also down 0.4 percent on a year-over-year basis. Declines within the manufacturing industry were broad based, with most sectors reporting a monthly fall in production. The mining subindex rose 1.0 percent from the previous month but remained subdued on a year-over-year basis, down 9.3 percent. The utilities subindex also fell on a month-over-month basis, declining 1.4 percent from July. Year over year, the utilities subindex was up 1.7 percent.
