- US: Vehicle Miles Driven by State (Feb)
- US: Household Employment for States and Regions (Mar)
- US: Regional Payroll Employment (Mar)
- Hungary: International Reserves (Mar); Slovenia: PPI (Mar)
- Netherlands: Consumer Confidence Survey (Apr)
- Italy: Industrial Turnover & Orders (Feb)
- Japan: Tertiary Industry Activity Indexes, Wage Indexes (Feb)
- Bangladesh: IP (Dec); Thailand: Agricultural Price Indexes (Mar)
- more updates...
Economy in Brief
U.S. Initial Claims for Jobless Insurance Near 2007 Low
The labor market's recovery remained in evidence last week as initial unemployment insurance claims totaled 304,000...
European Car Sales Rise But Lose Momentum
Auto registrations in Europe have risen again on a year-over-year basis, posting an increase of 1.6% over 12 months...
U.S. Industrial Production Records a Surprising Gain
Industrial output in the U.S. increased 0.7% last month (3.7% y/y) following a 1.2% jump during February...
U.S. Mortgage Loan Applications Rebound as Interest Rates Decline
The MBA total Mortgage Market Volume Index jumped 4.3% last week (-57.7% y/y) to the highest level in four weeks...
U.S. Housing Starts Exhibit Disappointing Rebound
Housing starts in March gained 2.8% to 946,000 units (AR) from 920,000 in February...
U.S. Consumer Price Index Firms
Consumer prices increased 0.2% (1.5% y/y) during March following two months of 0.1% uptick...
by Tom Moeller January 16, 2013
Industrial production rose a moderate 0.3% (2.3% y/y) last month following a revised 1.0% November jump, initially reported as 1.1%. A 0.2% gain had been expected in the Action Economics survey. For the year, output rose 3.7% after a 4.1% jump in 2011. Unseasonably warm temperatures helped cause a 4.7% (-0.2% y/y) decline in utility output. That left factory output to rise a firmer 0.8% (2.4% y/y), though that still was below the 1.3% November rebound following Hurricane Sandy. For the year factory output rose 4.1%, about as it did in 2011.
In the factory sector, output of business equipment posted a strong 1.3% rise last month which left the y/y advance at 8.7%. Offsetting this strength was no change (1.0% y/y) in the production of consumer goods. A strong 2.6% rise (17.2% y/y) in the output of motor vehicles & parts was countered by a 1.6% decline (+5.5% y/y) in electronic equipment and appliances. Computers & electronics production rose 1.6% (1.9% y/y). Overall, manufacturing output excluding high tech and motor vehicles rose 0.7% (1.3% y/y) during December. The rise of 3.2% for 2012 compared to 3.7% in 2011 and 3.6% during 2010.
The capacity utilization rate ticked up to 78.8% in December and for the year the utilization rate was roughly unchanged at 78.7%. In the factory sector, the rate rose to 77.4%, its highest level since July. During 2012, the capacity utilization rate averaged 77.2% versus 75.0% during 2011.
Industrial production and capacity data are included in Haver's USECON database, with additional detail in the IP database. The expectations figure is in the AS1REPNA database.
|Industrial Production (SA, % Change)||Dec||Nov||Oct||Dec Y/Y||2012||2011||2010|
|Capacity Utilization (%)||78.8||78.7||78.0||78.3||78.7||76.8||73.7|