- IMF: Direction of Trade (May)
- US: S&P CoreLogic Case-Shiller Home Prices (Jul), IIP (Q2)
- US: Regional Building Permits (Aug & YTD)
- Composite Survey - United States (Flash - Sep), Services Survey- United States (Flash - Sep)
- Albania: Retail Trade (Jun); Latvia: Financial Accounts (Q2)
- Israel: Financial Stabilitiy Indicators (Q2), Holdings of Bonds & Foreign Ownership of Treasury Bills (Aug), Central Bank Balance Sheet (Jul); Qatar: PPI (Jul)
- more updates...
Economy in Brief
U.S. Natural Gas Prices Increase; Petroleum Prices Steady
Natural gas prices remained strong last week and increased to $3.07 per mmbtu (19.4% y/y)...
U.S. New Home Sales & Prices Decline
The new home market has weakened recently...
Dallas Fed Factory Sector Activity Improves
The Dallas Fed reported that its general activity index of factory sector activity in Texas remained negative during September...
Surprise Spurt in Germany's IFO: Should You Believe It?
Germany's business expectations in the IFO survey 'flipped' from a reading of -2.8 in August to one of +5.9 in September...
Euro Area Composite PMI Weakens; Trends Diverge
The EMU composite (private sector) index has fallen in September to a diffusion reading of 52.6 from 52.9 in August...
U.S. Existing Home Sales Decline
Sales of existing homes fell 0.9% (+0.8% y/y) during August to 5.330 million units after 3.4% July decline to 5.380 million units...
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|