- Spain: Pharmaceutical Spending (Jan)
- US: Consumer Sentiment (Feb-final), GDP (Q4-second release)
- Consumer Sentiment Detail (Feb-final)
- Philippines: Loans of Commercial Banks Press (JAN)
- US: Pending Home Sales Index (Jan, Revisions back to 2012)
- Singapore: RMB Statistics (Q4)
- US: Selected NIPA Tables (Q4-2nd Release)
- Netherlands: PPI (Jan)
- Mexico: Employment (Jan); Chile: Employment (Jan), IP (Jan);
- more updates...
Economy in Brief
Chicago Purchasing Managers Index Plummets
Chicago purchasing managers indicated that their February Business Barometer Index dropped sharply to 45.8 this month from an unrevised 59.4 in January...
U.S. Pending Home Sales Rebound
The NAR reported that pending sales of single-family homes rebounded 1.7% during January...
Italy's Inflation In An About Face
Suddenly after outright falls for two straight months, Italy's inflation rate is up by 0.6% in February...
U.S. Consumer Prices Decline as Energy Prices Plummet; Core Prices Improve
The consumer price index fell 0.7% during January following a revised 0.3% decline during December...
U.S. Durable Goods Orders Rebound as Aircraft Orders Jump; Trend Growth Weakens
New orders for durable goods improved 2.8% (5.4% y/y) following sharp declines in four of the previous five months...
U.S. FHFA Home Price Index Ends 2014 at Firm Pace
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.8% in December, after November's 0.7% gain...
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|