- Spain: ANFAC Auto Registrations, Energy Consumption (Sep)
- South Africa: Fuel Prices (Oct); Jordan: BOP (Q2); Turkey: Exports from the Turkish Exporters Assembly (Sep)
- Sweden: PMI (Sep), Norway: PMI (Sep); Denmark: PMI (Sep)
- Italy: Large Firms Employment (Jul)
- Markit PMI: Manufacturing Survey - Korea, Japan, Taiwan, Vietnam, India, Russia, Ireland, Turkey, Netherlands, Poland, Spain, Italy, France, Germany, UK, Eurozone, Greece (Sep)
- Estonia: Retail Sales (Aug); Kazakhstan: CPI, PPI (Sep-Prelim)
- more updates...
Economy in Brief
Chicago Purchasing Managers Index Dips; Inventories Surge
Chicago purchasing managers indicated that their September Business Barometer Index fell to 60.5 this month...
U.S. Gasoline Prices Hold Steady; Crude Oil Price Falls
The cost of a gallon of regular gasoline held at $3.35 last week (-2.1% y/y)...
Europe Dodges a Bullet; EMU Unemployment Rate Stays Put in August
The unemployment rate in the European Monetary Union stayed put at 11.5% in August...
U.S. Consumer Spending Posts Firm Rise As Income Improves
Personal consumption expenditures increased 0.5% during August (4.1% y/y) following an unchanged July reading...
NABE Predicts Improving Economic Growth
Expectations for 3.0% real GDP growth in 2015 were little-changed but this year's advance was lessened to 2.1%...
U.S. Pending Home Sales Decline
Pending sales of single-family home sales declined 1.0% last month (-2.2% y/y) following a 3.2% July increase...
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|