- France: Registered Unemployed and Job Vacancies (Mar)
- Armenia: Monetary Aggregates (Mar); Albania: Pub Finance (Mar)
- UK: CBI Industrial Trends Survey (Apr, Q2)
- Global Manufacturing of Electronics (Mar); Composite Survey - United States (Flash - Apr)
- Turkey: Tourism (Mar); Israel: State of the Economy Index (Mar); Iran: CPI (Mar); Nigeria: Effective Exchange Rates (Feb); Kuwait: BOP (Q4, 2014)
- Mexico: Employment, Trade (Mar); Brazil: Consumer Exp (Apr)
- more updates...
Economy in Brief
U.S. Durable Goods Orders Soar With Aircraft Bookings; Orders Weaken Elsewhere
New orders for durable goods jumped 4.0% during March (0.7% y/y) following an unrevised 1.4% February decline...
Germany's Ifo Plows Ahead to Moderate 10-Month High
Germany's Ifo climate gauge is on a 6-month string of increases that has taken that gauge to a 10-month high...
U.S. New Home Sales Unexpectedly Backpedal
New home sales during March declined to 481,000 (+19.4% y/y) from 543,000 during February...
U.S. Initial Unemployment Insurance Claims Suggest Limited Layoffs
The job market remains on a firm footing as evidenced by initial claims for unemployment insurance...
Kansas City Fed's Factory Sector Index Continues Moving Downward
The Kansas City Fed reported that business activity continues to deteriorate...
EMU Upward Momentum Stalls in April
Both the EMU manufacturing and services indices backtracked in April...
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|