- Azerbaijan: CPI (Jul)
- Indonesia: GDP (Q2); Korea: International Reserves (Jul-Prelim); Taiwan: CPI, WPI, Import and Export Price Indexes (Jul); Philippines: CPI (Jul), PPI (Jun); Macao: Monetary and Financial Statistics (Jun); Malaysia: Internatioanl Trade (Jun)
- Markit PMI: Service Survey - Japan, China (Jul); Markit PMI: Composite - Japan, China (Jul)
- New Zealand: Quarterly Employment Survey, Household Labor Force Survey (Q2); Australia: PSI (Jul)
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Economy in Brief
U.S. Factory Sector Orders Ease
New orders in the manufacturing sector increased 1.8% during June (-6.2% y/y) following a 1.1% May decline...
EMU PPI Drops But It Also Decelerates
The PPI headline in June fell by 0.2%...
U.S. ISM Factory Index Unexpectedly Falls To Three-Month Low
The ISM Composite Index fell to 52.7 during July following unrevised gains to 53.5 and 52.8 during the prior two months...
U.S. Light Vehicle Sales Rebound
Total sales of light vehicles increased 3.3% during July to 17.55 million units (SAAR, 6.2% y/y), recovering most of June's decline from the cycle high...
U.S. Personal Spending Rise Moderates Despite Firmer Income Gain
Personal consumption expenditures increased 0.2% during June following 0.7% and 0.3% gains during May and April...
U.S. Construction Spending Trend Is Strong
The value of construction put-in-place ticked 0.1% higher during June (12.3% y/y) following gains of 1.8% and 3.8% during the prior two months...
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|