- US: Household Employment for States and Regions (Oct)
- US: Regional Payroll Employment (Oct)
- Canada: CPI (Oct)
- UK: Public Sector Finance (Oct)
- Malaysia: CPI (Oct); Korea: First 20 Days of Trade (Nov); India: External Commercial Borrowings (Oct)
- Ireland: Wholesale and Producer Prices (Oct)
- Mexico: GDP (Q3), Economic Activity (Sep)
- Hungary: Wages (Sep); Montenegro: Employment (Sep), BOP (Q3);
- more updates...
Economy in Brief
Kansas City Fed Factory Sector Activity Improves
The Kansas City Fed reported that its Composite index of 10th District factory sector activity recovered to 7 this month...
Does Canada's Rising Inflation Rate Give the Central Bank Tough Choices?
Canada's CPI inflation for October saw headline growth at 2.4% year-over-year...
U.S. Consumer Prices Remain Unchanged; Core Prices Heat Up
The consumer price index held steady during October (1.7% y/y) following an unrevised 0.1% September uptick...
U.S. Existing Home Sales Continue Improvement
Sales of existing single-family homes rose 1.5% to 5.260 million (AR, +2.5% y/y) in October from 5.180 million in September...
Philadelphia Fed Business Conditions Index Rebounds; Nears 1993 High
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index for November jumped to 40.8 from 20.7 in October...
U.S. Leading Economic Indicators Index Firms
The Index of Leading Economic Indicators from the Conference Board increased 0.9% last month (6.8% y/y) following a 0.7% September rise...
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|