- UK: **Industrial Production Rebased to 2012=100*
- Luxembourg: CPI, HICP (Sep)
- France: International Trade (Aug)
- Israel: Foreign Reserves (Sep); Mauritius: CPI (Sep)
- Denmark: Motor Vehicle Registrations (Sep) Norway: International Reserves (Sep)
- Spain: Industrial Production (Aug)
- Estonia: CPI (Sep); Hungary: Foreign Reserves (Sep); Czech Republic: IP, Industrial Sales & New Orders, Retail,
- more updates...
Economy in Brief
U.S. Gasoline Prices Remain Stable; Natural Gas Hits 2012 Low
Gasoline prices at the pump remained unchanged last week at $2.32 per gallon (-29.7% y/y) ...
German Orders Drop Again in August
Year-over-year German orders are still advancing but they fell in month-to-month in August...
U.S. ISM Nonmanufacturing Index Declines, Led By Orders
The Institute for Supply Management (ISM) Composite Index of Nonmanufacturing Sector Business fell to 56.9 during September...
Global MFG Takes Another Step Back in September
The Markit (and for the US, ISM) MFG PMI's largely weakened globally in September...
U.S. Payroll Gain Disappoints Again; Earnings Stabilize Along With Jobless Rate
Nonfarm payrolls grew 142,000 following downwardly revised increases of 136,000 and 223,000 during the prior two months...
EMU PPI Collapses as HICP Turns to Show Deflation
The August PPI in the EMU fell by 0.9% after falling by 0.3% in July...
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|