- US: Manufacturers' Shipments Inventories and Orders (Jul), Productivity and Costs (Jul), ADP Employment Report (Aug)
- US: GDP by State (Q4, Revisions back to Q1 2005)
- Hong Kong: Gold Trade (Jul)
- Euro area: Producer Price Indexes (Jul)
- Ireland: Industrial Stocks (Q2)
- Brazil: IP (Jul)
- Qatar: Population (Aug); Turkey: Foreign Trade (Aug-Prelim), Tourism (Jul)
- more updates...
Economy in Brief
U.S. Productivity is Revised Higher Following Two Quarters of Decline
Nonfarm productivity growth during Q2'15 was revised higher to 3.3% from 1.3% reported initially...
U.S. Factory Sector Orders Improve
New orders in the manufacturing sector improved 0.4% during July (-15.2% y/y)...
EMU Producer Prices Continue to Fall
The PPI headline shows a monthly drop of 0.2% in July and a year-over-year decline of 2.1%...
U.S. Light Vehicle Sales Crest 10-Year High, Led by Imported Light Trucks
Total sales of light vehicles increased 1.5% during August to 17.81 million units (SAAR, 2.8% y/y)...
U.S. ISM Factory Index Weakens to Two-Year Low
The ISM U.S. Composite Index fell to 51.1 during August following an unrevised decline to 52.7 in July...
U.S. Crude Oil Prices Surge; Gasoline Prices Decline
Crude oil prices found new life last 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|