- Korea: Consumer Survey Index, Inflation Expectations (Apr); Philippines: Trade Imports (Feb); China: Unemployment Rate (Q1)
- Japan: CPI (Mar)
- US: Monthly & Quarterly Bankruptcy Filings (Jan-Mar, Q1)
- US: Housing Starts by State and Region (Mar)
- US: Kansas City Fed Mfg Survey (Apr)
- US: Advance Durable Goods (Mar)
- US: Regional Building Permits (Mar and YTD)
- more updates...
Economy in Brief
Kansas City Fed Survey Remains Elevated
The Kansas City Fed reported that its April Composite index of 10th District factory sector activity remained firm at 7 versus 10 in March...
U.S. Initial Unemployment Insurance Claims Rise During Easter Week
Difficulties adjusting for the timing of the Easter holiday may be behind last week's rise in initial unemployment insurance claims to 329,000...
Ifo Shows Unexpected Strength as Europe Makes Some Progress
Climate in Germany's Ifo index improved unexpectedly in April...
U.S. New Home Sales Unexpectedly Decline Sharply
New home sales during March fell 14.5% to 384,000 (-13.3% y/y), the lowest level since July...
U.S. Mortgage Loan Applications Decline as Interest Rates Tick Higher
The MBA total Mortgage Market Volume Index declined 3.3% last week (-59.2% y/y)...
Italian Trade Trends: A One Month Back-off
Italian exports and imports are both engaged in a longer-term trend of sweeping upward...
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|