Recent Updates

  • Singapore: Housing & Development Board Annual Report (2017)
  • South Africa: Leading Indicators (Oct)
  • Romania: Central Bank Balance Sheet, MFI Deposits, Loans to Households, Balance Sheet of Monetary Financial Institutions (Sep)
  • Ireland: Bank Lending Survey (Q4)
  • Hong Kong: CPI (Sep)
  • Germany: PPI (Sep)
  • Azerbaijan: GDP (Q2)
  • more updates...

Economy in Brief

U.S. Industrial Production Gain Supported by Utility Output
by Tom Moeller  April 16, 2013

Industrial production rose 0.4% during March following a 1.1% February increase, earlier reported as a 0.7% rise. A 0.2% gain had been expected in the Action Economics survey. The gain in overall output reflected a 5.4% rise (10.4% y/y) rise in utility output. Factory sector production, however, slipped 0.2% (+2.5% y/y) following its upwardly revised 0.9% February increase, revised from 0.8%.

The drop in factory sector output reflected a 1.3% decline (+3.9% y/y) in production of construction supplies. Consumer goods production jumped 1.2% paced by a 2.9% rise (10.2% y/y) in motor vehicle production. Elsewhere, output was weak. In the consumer products area, appliance, furniture & related goods production fell 0.6% (+1.9% y/y). For business equipment, output ticked up just 0.1% (5.0% y/y). Computer & electronic products output fell 0.8% (+4.0% y/y). Production of chemicals rose 0.2% (1.6% y/y) but petroleum product production slipped 0.1% (+1.6% y/y). Excluding the output of high tech products & motor vehicles, production fell 0.2% (+2.7% y/y).

The capacity utilization rate fell to 78.5% from a downwardly revised 78.3% in February, earlier reported as 79.6%. In the factory sector, the rate fell to 76.4%. Overall industry capacity rose 2.0% y/y while factory sector capacity increased 1.6%. 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.

The growing importance of Mexico in North America's auto production from the Federal Reserve Bank of Chicago is available  here.

 

Industrial Production (SA, % Change) Mar Feb Jan Mar Y/Y 2012 2011 2010
Total Output 0.4 1.1 -0.1 3.5 3.9 4.1 5.4
Manufacturing -0.2 0.9 -0.3 2.5 4.2 4.3 5.7
  Consumer Goods 1.2 1.1 0.1 4.3 1.7 2.3 1.1
  Business Equipment 0.1 1.9 -1.4 5.0 10.4 8.3 8.3
  Construction Supplies -1.3 2.1 1.2 3.9 5.0 5.6 3.8
Materials 0.2 0.9 0.0 3.1 4.1 4.6 8.4
Utilities 5.4 2.6 2.5 10.4 -2.1 -0.2 3.6
Capacity Utilization (%) 78.5 78.3 77.6 77.3 78.8 76.8 73.7
 Manufacturing 76.4 76.6 76.0 78.0 77.3 75.0 71.3
close
large image