Page 18 - Market Outlook Q4 2024

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18

U.S. Economic Snapshot

TRUCK TONNAGE INDEX
Truck Tonnage Index
125.0 In November, the ATA advanced seasonally adjusted For-Hire
Truck Tonnage Index equaled 112.5 compared with 114.6 in
120.0
October. The index, which is based on 2015 as 100, was down
1% from the same month last year.
115.0
110.0

105.0
100.0
95.0
90.0
Jan Feb March April May June July Aug Sept Oct Nov Dec
2024 2023 2022 Vs. Baseline

Source: American Trucking Associations (seasonally adjusted truck tonnage)

INDUSTRIAL PRODUCTION INDEX
Industrial Production Index
U.S. Industrial Production Index is at a current level of 101.96,
106.0 down from 102.11 last month and down from 102.89 one year
105.0 ago. This is a change of -0.15% from last month and -0.90%
104.0 from one year ago.
103.0
102.0
101.0
100.0
99.0
98.0
97.0
Jan Feb March April May June July Aug Sept Oct Nov Dec

2024 2023 2022 Vs. Baseline

Source: Federal Reserve, G. 17 Industrial Production and Capacity Utilization