- Armenia: Public Finance (Mar)
- Markit PMI: Manufacturing Survey - Vietnam (Apr)
- Australia: PPI, Manufacturing Material Prices, Construction Material Prices (Q1), Assets and Liabilities of Authorized Deposit Taking Institutions (Mar); New Zealand: Business Outlook Survey (Apr), Building Consents Issued (Mar), Assets and Liabilities of Various Institutions (Q1)
- Korea: Wholesale and Retail Sales, Equipment Investment Index (Mar), Economic Sentiment and Business Survey Index (Apr);
- more updates...
Economy in Brief
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 257,000 during the week ended April 23...
EU and Euro Area Show Some Improvement in April
The EU Commission Indices for the EU and EMU showed gains in April...
FOMC Leaves Rate Unchanged
At today's meeting of the Federal Open Market Committee, the Fed funds rate was left unchanged in the range of 0.25%-0.50%...
U.S. Pending Home Sales Continue to Strengthen
The NAR reported that pending sales of single-family homes rose 1.4% in March (1.4% y/y)...
U.S. Mortgage Loan Applications Ease; Rates Remain Low
The MBA total Mortgage Market Volume Index declined 4.1% last week (+12.8% y/y)...
Italian Consumer Confidence Edges Back
The Italian consumer confidence index made a large step back in February; since then, it has hovered at a lower plateau...
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|