- Turkey: Foreign Reserves & Currency Liquidity, Tourism (Feb)
- Italy: Industrial Orders and Turnover (Jan)
- Finland: Consumer Confidence (Mar); Iceland: Producer Prices (Feb), House Prices (Mar); Norway: Retail Sales, Money Aggregates, Credit Measures (Feb)
- Hungary: Employment and Unemployment (Feb); Estonia: Government Finance (Feb); Bulgaria: Tourist Arrivals (Feb), Business Survey (Mar)
- France: Household Survey (Mar)
- more updates...
Economy in Brief
Kansas City Fed's Factory Sector Index Moves Sharply Lower, Helped by Port Closings
The Federal Reserve Bank of Kansas City reported that business activity moderated significantly this month...
EMU Trends Turn Up for Credit and Money
The EMU is showing a clear pick up in credit and money growth trends as of February...
U.S. Durable Goods Orders Decline is Broad-Based
New orders for durable goods fell 1.4% during February (+0.6% y/y) following a 2.0% January increase...
U.S. Mortgage Loan Applications Recover as Interest Rates Decline
The MBA U.S. total Mortgage Market Volume Index increased 9.5% last week (21.0% y/y) to the highest level since early-February...
French Business Climate Erodes and Momentum Flattens Out
The INSEE survey of French business climate slipped to 99 in March from 100...
U.S. Consumer Prices Increase With Energy Price Turnaround; Core Prices Firm
The consumer price index gained 0.2% (-0.1% y/y), the first increase in four months...
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|