Electricity & Gas Utility Output

Industrial production index for electric and gas utilities — tracks total generation volume.

119.1Index

Trend YoY growth is +2.0%, accelerating by 2 bps/month over the last 5Y. Latest: +2.2%, 14 bps above trend, a 0.0σ deviation. The latest YoY reading is depressed by 7.8 pp due to an tough comparison base from Feb 1.

Level

YoY %

y = 1.1% + 2 bps/mo · t

Deviation from trend

Forecast

Rolling 1Y trend forecast

Forecast made inMar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26Jan '27Feb '27
Mar '25+4.7%+4.9%+5.2%+5.4%+5.7%+5.9%+6.1%+6.4%+6.6%+6.8%+7.1%+7.3%+7.5%+7.8%+8.0%+8.2%+8.5%+8.7%+9.0%+9.2%+9.4%+9.7%+9.9%+10.1%
Apr '25+4.1%+4.2%+4.2%+4.3%+4.4%+4.5%+4.6%+4.7%+4.8%+4.9%+5.0%+5.0%+5.1%+5.2%+5.3%+5.4%+5.5%+5.6%+5.7%+5.8%+5.8%+5.9%+6.0%
May '25+2.9%+2.9%+2.9%+2.8%+2.8%+2.8%+2.7%+2.7%+2.6%+2.6%+2.6%+2.5%+2.5%+2.5%+2.4%+2.4%+2.4%+2.3%+2.3%+2.3%+2.2%+2.2%
Jun '25+2.8%+2.8%+2.9%+3.0%+3.0%+3.1%+3.2%+3.2%+3.3%+3.3%+3.4%+3.5%+3.5%+3.6%+3.7%+3.7%+3.8%+3.9%+3.9%+4.0%+4.1%
Jul '25+2.7%+2.7%+2.8%+2.8%+2.9%+2.9%+3.0%+3.0%+3.1%+3.1%+3.1%+3.2%+3.2%+3.3%+3.3%+3.4%+3.4%+3.5%+3.5%+3.6%
Aug '25+1.3%+1.2%+1.0%+0.8%+0.7%+0.5%+0.3%+0.2%+0.0%-0.2%-0.3%-0.5%-0.7%-0.8%-1.0%-1.2%-1.3%-1.5%-1.7%
Sep '25+0.6%+0.3%-0.1%-0.4%-0.7%-1.0%-1.3%-1.7%-2.0%-2.3%-2.6%-3.0%-3.3%-3.6%-3.9%-4.3%-4.6%-4.9%
Oct '25+0.4%+0.0%-0.3%-0.7%-1.1%-1.4%-1.8%-2.2%-2.6%-2.9%-3.3%-3.7%-4.0%-4.4%-4.8%-5.2%-5.6%
Nov '25+0.1%-0.5%-1.0%-1.5%-2.0%-2.5%-3.0%-3.5%-4.0%-4.5%-5.0%-5.5%-6.0%-6.5%-7.1%-7.6%
Dec '25+1.2%+0.9%+0.6%+0.3%+0.0%-0.2%-0.5%-0.8%-1.1%-1.4%-1.7%-2.0%-2.2%-2.5%-2.8%
Jan '26+1.7%+1.6%+1.5%+1.4%+1.2%+1.1%+1.0%+0.9%+0.7%+0.6%+0.5%+0.4%+0.2%+0.1%
Feb '26+2.8%+3.0%+3.2%+3.4%+3.6%+3.8%+4.0%+4.2%+4.4%+4.5%+4.7%+4.9%+5.1%