- US: Autodata Vehicle Sales (Jul), Personal Income with Revisions (Jun), Employment Situation (Jul)
- US: Private Nonresidential Construction Put in Place by State (2013)
- US: Key Source Data (Q2)
- Markit PMI: Manufacturing Survey - Korea, Japan, China, Taiwan, Indonesia, Ireland, India, Russia, Netherlands, Turkey, Poland, Italy, France, Germany, Greece, Euro Area, UK, US, Brazil, Canada, Mexico (Jul)
- US: Household Survey Detail (Jul)
- more updates...
Economy in Brief
U.S. ISM Index Improves Further; Prices Also Rise
The ISM Composite Index of Manufacturing Sector Activity increased to 57.1 during July versus an unrevised 55.3 in June...
U.S. Vehicle Sales Back Off A Bit
According to the Autodata Corporation, sales of light vehicles declined 2.5% during July to 16.48 million units (SAAR)...
U.S. Personal Income & Spending Extend Moderate Gains; Price Inflation Eases a Bit in June
Personal income increased 0.4% during June (3.9% y/y) after a 0.4% rise in May...
Manufacturing Stays Subdued in Europe in July
The Markit EMU manufacturing PMI was flat in July at 51.8...
U.S. Employment Cost Index Jumps in Q2
The employment cost index for private industry workers surged 0.8% (2.1% y/y) in Q2'14...
U.S. Initial Unemployment Insurance Claims Recoup Earlier Decline
Initial unemployment insurance claims rebounded to 302,000 (-9.3% y/y) during the week ended July 26...
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|