- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller January 15, 2016
Overall industrial output declined 0.4% during December following a 0.9% November fall, revised from -0.6%. It was the third consecutive monthly decline and lessened the 2015 increase to 1.3%, its weakest rise in six years. The Action Economics Forecast Survey expected a 0.3% fall.
A 2.0% decline (-7.6% y/y) in utility output accounted for most of last month's shortfall in production. Mining output also eased 0.8% (-11.3% y/y), down for the fourth straight month.
Manufacturing sector production fell 0.1% (+0.8% y/y) for the fourth month in the last five. The 2.0% full year increase was the weakest rise since 2013. Consumer products output fell 0.8% (+0.3% y/y), pulled down by a 1.7% drop (+3.7% y/y) in motor vehicle production. Furniture production fell 0.9% (+1.7% y/y) and machinery production declined 0.5% (-3.0% y/y). In the nondurable goods sector, chemical output was off 0.5% (+1.2% y/y) and apparel production declined 0.3% (-7.0% y/y). Materials production eased 0.3% (-3.1% y/y).
In the special aggregate series, output of high technology products gained 1.4% (1.7% y/y). Output of computers increased 3.0% (8.1% y/y) and bounced back after November's drop. Communications equipment production increased 0.1% (-6.4% y/y) for the second straight month. Overall production excluding the transportation & high technology sectors fell 0.4% (-2.2% y/y), off for the fourth consecutive month. Factory output excluding autos & high tech was unchanged for a second month (+0.5% y/y).
Capacity utilization fell to 76.5%, the lowest rate since July 2013. In the factory sector, the capacity utilization rate eased to 76.0%, the lowest level in six months. Overall industry capacity rose 1.5% y/y while in factory sector it gained (1.2% y/y).
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||2015||2014||2013|
|Capacity Utilization (%)||76.5||76.9||77.7||79.0||77.8||78.1||76.7|