- Japan: Input Output Prices, CPI (Oct)
- France: Registered Unemployment and Vacancies (Oct)
- Canada: Payroll Employment Earnings & Hrs (Sep), Corp Finl Stats (Q3)
- Brazil: Balance of Payments (Oct)
- Slovenia: Money Supply, Balance Sheet of Central Bank, Loans & Deposits, Balance Sheet of MFIs (Oct), General Government Finance (Sep); Moldova: Intl Reserves (Oct); Hungary: Retail Trade (Sep), Investment Outlay of Economy (Q3);
- more updates...
Economy in Brief
Durable Goods Orders Rebound More Strongly Than Expected in October
Durable goods orders started the third quarter strongly, jumping up 3.0%/m (0.5% y/y)...
U.S. New Home Sales Rise M/M but Tread Water This Year
Sales of new single-family homes increased 10.7% during October to 495,000 (AR) from 447,000 in September, revised from 468,000. ...
U.S. FHFA Home Price Index Firmer in September
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.8% in September (6.1% y/y)...
US Initial Jobless Insurance Claims Fall Unexpectedly
Initial claims for unemployment insurance unexpectedly fell to 260,000 in the week ending November 21 from an unrevised 271,000 the previous week...
Retail Sales Growth Turns Negative In September
Retail sales volumes and consumer confidence in Italy have recovered much better than has the Italian industrial sector...
U.S. GDP Growth Is Revised Up With Inventories; Corporate Profits Decline
Economic growth was revised higher to 2.1% (AR) during Q3'15...
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|