Production Of IT Equipment Grows Faster Than Overall Industrial Production - InformationWeek
IoT
IoT
Software // Enterprise Applications
News
3/15/2004
04:39 PM
50%
50%
RELATED EVENTS
Faster, More Effective Response With Threat Intelligence & Orchestration Playboo
Aug 31, 2017
Finding ways to increase speed, accuracy, and efficiency when responding to threats should be the ...Read More>>

Production Of IT Equipment Grows Faster Than Overall Industrial Production

The Federal Reserve says production of computer and office equipment rose a seasonally adjusted 2.1% in February, compared with 0.7% for overall industrial production.

It seems a little like old times--the IT industry leading the general economy, this time in industrial production.

The production of computer and office equipment rose a seasonally adjusted 2.1% in February, according to a preliminary report issued Monday by the Federal Reserve Board. Overall industrial production increased 0.7% last month. Since February 2003, manufacturers have increased production of computer and office wares by 23.4%, well above the overall industrial production increase of 2.7%.

Still, economists like the general direction the economy is taking. Some had forecast the Fed would report a more modest 0.4% gain for the month, so the higher numbers were welcomed. Though technology production surpassed most other sectors, gains were found throughout the manufacturing economy. "This breadth of the recovery bodes well for future production," Daniel Meckstroth, chief economist at research group the Manufacturers Alliance/MAPI, told The Associated Press.

American computer manufacturers still have plenty of capacity to expand production. In February, makers of computer and electronic products ran their plants at 67.3% of capacity, up 0.5% from January. Factories producing all types of products in the United States in February averaged a 76.6% capacity-utilization rate. Since 1972, computer makers have maintained an average capacity-use rate of 79.1%. In 1994 and 1995, a period of economic expansion often compared with the current one, capacity utilization was much stronger, peaking at 85.3% among computer and electronic products makers.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
[Interop ITX 2017] State Of DevOps Report
[Interop ITX 2017] State Of DevOps Report
The DevOps movement brings application development and infrastructure operations together to increase efficiency and deploy applications more quickly. But embracing DevOps means making significant cultural, organizational, and technological changes. This research report will examine how and why IT organizations are adopting DevOps methodologies, the effects on their staff and processes, and the tools they are utilizing for the best results.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll