- US: Housing Starts by State and Region, New York Fed Coincident Indexes (May)
- France: Registered Unemployed & Job Vacancies (May)
- US: Advance Durable Goods, Final Building Permits (May)
- US: Regional Building Permits (May and YTD)
- Turkey: House Sales (May), Business Tendency Survey, Capacity Utilization Rates (Jun)
- Austria: IP, Turnover, New Orders (Apr), Productivity (Mar)
- Kazakhstan: Monetary Survey of Second Level Banks (May);
- more updates...
Economy in Brief
German IFO Echoes ZEW Optimism But What About Post-Brexit?
The IFO joins the ZEW index with a rise in June...
U.S. New Home Sales and Prices Decline
Strength in the housing market toned down during May. Sales of new single-family homes declined 6.0% to 551,000 (+8.7% y/y)...
U.S. Initial Unemployment Insurance Claims Tumble
Initial unemployment insurance claims declined to 259,000 (+5.3% y/y) during the week ended June 18...
U.S. Leading Economic Indicators Fall
The Conference Board's Composite Index of Leading Economic Indicators fell 0.2% during May (+1.2% y/y)...
Chicago Fed National Activity Index Deteriorates
The National Activity Index from the Chicago Fed declined to -0.51 during May, following one month in positive territory...
Euro Area Flash PMI Steps Back on Weak Services
The manufacturing sector stepped up in June while services stepped back...
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|