- New Zealand: Economic Survey of Manufacturing (Q3), Motor Vehicle Registrations (Nov)
- US: Consumer Credit (Oct), Consumer Sentiment (Dec-Prelim), Employment Situation (Nov), Personal Income (Oct)
- Portugal: IP (Oct) **Rebased to 2010=100 -- Only MIG and Main Sectors Available**; Switzerland: HICP, CPI (Nov)
- Euro area: BOP (Q3-Prelim) **EU27 series replaced with EU28**
- Consumer Sentiment Detail (Dec-Prelim)
- more updates...
Economy in Brief
U.S. Consumer Credit Growth Remains Strong
Consumer credit outstanding increased by $18.2 billion (6.3% y/y) during October following a $16.3 billion September rise...
U.S. Consumer Sentiment Strengthens
The index of consumer sentiment from the Reuters/University of Michigan survey jumped to 82.5 early this month...
U.S. Personal Income Edges Down in October
Personal income fell in October by 0.1% (+3.4% y/y) after a gain of 0.5% in September...
German Orders Step Back
German orders fell hard in October after an even stronger surge in September...
U.S. GDP Growth Boosted By More Inventory Accumulation
Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%...
Challenger Job Cut Announcements Slip
The outplacement firm of Challenger, Gray & Christmas reported that 45,314 job cuts (-20.6% y/y) were announced during November...
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|