- Japan: Public Construction (Dec), Corporate Goods Price Index (Jan)
- Thailand: Commercial Bank Assets and Liabilities, Foreign Exchange Position (Dec); Philippines: International Trade Exports, IP (Dec)
- New Zealand: Electronic Card Transactions (Jan)
- US: Wholesale Trade, JOLTS (Dec)
- Thailand: Regional Trade (Dec); Pakistan: Scheduled Banks Deposits, Advances & Investments (Jan)
- more updates...
Economy in Brief
U.S. Energy Prices Move Lower
Gasoline prices continued to decline last week and remained at the lowest level since January 2009...
U.S. Small Business Optimism Deteriorates to Two-Year Low
The NFIB Small Business Optimism Index declined 1.4% during January to 93.9 following a 0.7% December rise...
German Trade Surplus Shrinks in December But Stays Larger Year-Over-Year
German trade flows continue to show deterioration sequentially as growth rates are fading but...
U.S. Labor Market Conditions Index Growth Deteriorates Sharply
The Labor Market Conditions Index barely increased in January, its weakest performance in nine months...
OECD LEI Slips But Is Called 'Stable' in December
The OECD has refused to panic over some ongoing erosion in its LEI series...
U.S. Payrolls Increase Moderately; Unemployment Rate Declines; Earnings Strengthen
Nonfarm payrolls increased 151,000 during January following increases of 262,000 during December and 280,000 in November...
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|