- US: Consumer Sentiment (May-final), GDP & Corporate Profits (Q1-2nd)
- Consumer Sentiment Detail (May-final)
- US: Select NIPA Table (Q1-2nd Est)
- Taiwan: Composite Leading Indicators (Apr) GDP (Q1); China: Industrial Profits Press, Trade in Goods & Services (Apr)
- Switzerland: Job Vacancies Rebased to Q2 2015=100, Employment Barometer (Q1); Malta: Government Finance (Apr)
- Mexico: Employment (Apr)
- Spain: Retail Trade (Apr), Housing Prices (Q1)
- more updates...
Economy in Brief
French Consumer Confidence Last Higher Eight and One Half Years Ago
Although household confidence was last higher eight and one-half year ago, it was exactly this high back in January of this year...
U.S. Pending Home Sales Surge to 10-Year High
The NAR reported that pending sales of single-family homes jumped 5.1% in April (4.6% y/y)...
U.S. Durable Goods Orders' Strength Led by Civilian Aircraft; Capital Spending Weakens
New orders for durable goods jumped 3.4% during April (1.9% y/y)...
U.S. Initial Unemployment Insurance Claims Fall Again
Initial Claims for unemployment insurance declined to 268,000 (-4.6% y/y) during the week ended May 21...
Italian Retail Sales Fall in March Amid Other Signs of Weakness
Recent Italian data have been backtracking...
U.S. FHFA Home Price Index Increase Firms
The U.S. House Price Index, from the Federal Housing Finance Agency (FHFA), increased 0.7% (6.1% y/y)...
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|