- Peru: GDP, BOP (Q1); Brazil: IPCA-15 (May); Chile: PPI (Apr)
- US: CPI (Apr)
- US: Consumer Price Detail (Apr)
- Canada: CPI, Retail Trade (Apr)
- Turkey: Capacity Utilization Rate (May)
- Spain: Tourism (Apr), Export & Import Prices (Mar)
- Italy: Industrial Turnover and Orders, Retail Trade (Mar)
- Euro area: Preliminary BOP (Q1)
- Kazakhstan: Bank Loans (Apr); Croatia: Unemployment Rate (Apr),
- more updates...
Economy in Brief
Kansas City Fed's Factory Sector Index Deteriorates To 2009 Low
The Federal Reserve Bank of Kansas City reported that business activity diminished during May...
German GDP Finalizes Slowdown
German GDP is up at a 1.1% annual rate in Q1 2015 and at a 1.0% pace year-over-year...
U.S. Existing Home Sales Fall Back
Sales of existing homes declined 3.3% (+5.5% y/y) to 5.040 million (AR) in April after a 6.5% rise during March to 5.210, million...
Philadelphia Fed Business Conditions Index Furthers Its Sideways Movement
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index for May slipped to 6.7 from an unrevised 7.5 in April...
U.S. Leading Economic Indicators Strengthen
The Index of Leading Economic Indicators from the Conference Board increased 0.7% during April (5.6% y/y) following a 0.4% March rise...
U.S. Initial Unemployment Insurance Applications Notch Higher
Initial claims for jobless insurance increased to 274,000 during the week ended March 16 from an unrevised 264,000 in the prior week...
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|