*Data Compiled from the most UTD Industry Reports of 2023 and 2024
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North American Industrial Project Spend
(For August 2023)
This is a monthly indicator displaying the amount of industrial project spend in north America.
+$96.76B (YOY)
+16.96% (YOY)
Monthly 2022 vs 2023:
Top 5 Spend by Industry:
+$5.84M (YOY)
+2.82% (YOY)
+$22.64M (YOY)
+19.42% (YOY)
+$27.23M (YOY)
+41.17% (YOY)
+3.37M (YOY)
+7.38% (YOY)
+11.01M (YOY)
+26.42% (YOY)
North American Industrial Project Fallout
(For August 2023)
This is a monthly indicator displaying the amount of industrial projects that were cancelled, placed on hold, or delayed.
-$50,920M (YOY)
-19.87% (YOY)
Monthly 2022 vs 2023 (running):
Fallout by Industry:
-$50,472.08(M) (YOY)
-297.20% (YOY)
+$15,040.72 (M) (YOY)
+12.21% (YOY)
+$4,420.09 (M) (YOY)
+5.93% (YOY)
– $18,543.05 (M) (YOY)
-119.89% (YOY)
-$4,946.69 (M)(YOY)
-35.71% (YOY)
Industrial Production Index
(For March 2024)
Published by the Federal Reserve, the Industrial Production Index (IPI) is a monthly metric that gauges the actual production levels in sectors such as manufacturing, mining, and utilities, compared to a reference year.
+.20% (YOY)
Monthly 2022 vs 2023 vs 2024:
Production by Industry:
+0.8% (YOY)
-2.0% (YOY)
+1.7% (YOY)
-0.3% (YOY)
-0.5% (YOY)
Capacity Utilization
(For March 2024)
The percentage measure of how efficiently a country or business is using its potential manufacturing and production capabilities.
-1.26% (YOY)
Monthly 2022 vs 2023 vs 2024:
Capacity by Industry:
+1.4% (YOY)
-0.6%(YOY)
Manufacturing Sector Unemployment Rates
(For March 2024)
Indicates the percentage of individuals in machinery manufacturing who are 16 years or older and are nonagricultural private wage & salary workers without a job.
+3.44% (YOY)
Monthly 2022 vs 2023 vs 2024:
Unemployment By Manufacturing Subsector:
-18.75% (YOY)
-19.23% (YOY)
+39.58% (YOY)
+71.73% (YOY)
-23.07% (YOY)
In March, the U.S. Bureau of Labor Statistics (BLS) reported a 3.0% unemployment rate for the Engineering and Manufacturing industry, a small decrease from the beginning of the year. Despite a stagnant month for the sector, this rate is below the average for all occupations. The BLS Jobs Report highlighted growth for manufacturing workers, particularly in Texas and Midwest states like Ohio, Missouri, and Indiana. Texas, in particular, has seen a strong start to 2024, reflecting a positive outlook for the industry.
Manufacturing Sector Producer Price Index
(For March 2024)
The producer price index quantifies the percentage fluctuation in prices that domestic producers receive for goods and services.
+0.4% (YOY)
Monthly 2022 vs 2023 vs 2024:
PPI By Manufacturing Subsector:
+3.37% (YOY)
-3.45% (YOY)
-4.97% (YOY)
+2.03% (YOY)
+2.80% (YOY)
(For March 2024)
-7.79% (YOY)
As of March ’24
-8.08% (YOY)
As of March ’24
+15.92% (YOY)
As of March ’24
-3.52% (YOY)
As of March ’24
Dry van linehaul rates were mostly flat in March as the volume of loads moved continued to increase, up 7% compared to February. At $1.58/mile, dry van linehaul rates were $0.14/mile lower than last year. The Flatbed Spot rates were up $0.02 in March compared to April. The Dry Van Load-to-Truck ratio was at 3.13 in March, which is up from 2.82 in February, and up from 2.7 compared to March of 2023. The Flatbed Load-to-Truck ratio was sitting at 18.35 in March, up from 13.64 last month, but down from 19.02 compared to March of last year.
(For December 2023)
Industrial CO2 Emissions
This is a monthly indicator displaying the amount of CO2 emissions in the industrial sector in Million of metric tons.
-.8% (YOY)
Monthly 2022 vs 2023:
Metric Tons of CO2 By Energy Type:
-12.5%(YOY)
+4.0% (YOY)
+0.0% (YOY)
-9.0% (YOY)
Industrial Energy Consumption
(For December 2023)
This is a monthly indicator displaying the amount of Energy consumed in the Industrial sector in Trillions of btu (british thermal units)
+3.8%Tbtu (YOY)
Monthly 2022 vs 2023:
BTU’s of Energy Consumed by type:
+6.4%Tbtu (YOY)
+1.5%Tbtu (YOY)
+0.7%Tbtu (YOY)
-2.7%Tbtu (YOY)
Gas & Electricity Costs
(For December 2023)
-$43.03%(YoY)
-$9.88%(YoY)
Here is the monthly energy review from the U.S. Energy Information Administration for March 2024:
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Sources:
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