Recent Updates
- ** New Zealand's jobs online report has been delayed by the source, MBIE, until 6:00 PM ET 4/26.**
- New Zealand: Foreign Currency Assets & Liabilities & Currency Flows (Mar); Australia: Labor Force Survey (Mar), Import/Export Price Indexes, SME Business Survey (Q1), Cash Flow Statements, Government Finance Statistics (2017)
- Japan: Input Output Prices, Lease Contracts (Mar), First 10 Days Trade (Apr), International Trade (Mar-Final)
- Brunei: International Trade (Dec); Korea: GDP (Q1); China:
- more updates...
Economy in Brief
Japan Shows Very Moderate Growth As Trade War Clouds Gather
Japan’s sector indexes showed a solid gain in February...
U.S. Consumer Confidence Unexpectedly Rose in April
The Conference Board Consumer Confidence Index rose to 128.7 in April from 127.0 (initially reported as 127.7) in March...
U.S. New Home Sales and Prices Strengthen
Sales of new single-family homes during March increased 4.0% (8.8% y/y) to 694,000 (SAAR)...
U.S. FHFA House Price Index Continues to Strengthen
The FHFA index of U.S. house prices rose 0.6% during February...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $2.80 per gallon last week (14.3% y/y)...
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% |
