Recent Updates
- US: Consumer Sentiment (Jan-prelim), IP & Capacity Utilization (Dec)
- Consumer Sentiment (Jan-prelim)
- US: Industrial Production Detail (Dec)
- Canada: CPI (Dec), Intl Transactions in Securities (Nov)
- Canada Regional: CPI by Province (Dec)
- Germany: Hotel and Restaurant Turnover (Nov), Tax Revenues (Q3)
- Turkey: IIP, International Reserves, Foreign Trade Indexes (Nov)
- Mexico: Manufacturing Employment (Nov)
- Colombia: Manufacturing IP, Retail Sales (Nov)
- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
by Tom Moeller August 15, 2007
Industrial production rose an expected 0.3% following an upwardly revised gain of 0.6% during June.
Factory output surged another 0.6%, bringing the three month change in output to 1.2%, its best gain in about one year.
Consumer goods output grew 0.4% (2.4% y/y) after the upwardly revised 1.0% June jump. Higher output of automotive products, up 2.4% (8.7% y/y), accounted for much of the gain. Production of computers & electronics fell 0.1% (+16.4 y/y) while output of furniture & appliances fell 1.2% (-4.0% y/y). Production of apparel also fell by 1.4% (-4.0% y/y.
Production of business equipment rose 0.9% (3.8% y/y). Output of industrial & other equipment rose 1.0% (1.4% y/y) and information processing & related equipment output increased 0.7% (7.9% y/y) for the second consecutive month.
Capacity utilization rose to 81.9%from 81.8% in June as capacity rose 0.1% (2.1% y/y).
How Accurate Are Real-Time Estimates of Output Trends and Gaps? from the Federal Reserve Bank of Richmond can be found here.
| INDUSTRIAL PRODUCTION (SA) | July | June | Y/Y | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|
| Total | 0.3% | 0.6% | 1.4% | 4.0% | 3.2% | 2.5% |
| Manufacturing | 0.6% | 0.6% | 2.0% | 4.7% | 3.9% | 2.9% |
| Mining | 0.7% | 0.4% | 0.4% | 2.7% | -1.6% | -0.6% |
| Utilities | -2.1% | 0.2% | -2.7% | 0.2% | 2.0% | 1.4% |
