- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
by Tom Moeller May 17, 2016
Industrial output increased 0.7% during April (-1.1% y/y) following declines in six of the prior seven months. It was the largest increase since November 2014. A 0.3% rise in output had been expected in the Action Economics Forecast Survey.
A 5.8% increase in utility output (0.4% y/y) led last month's increase in total production. Natural gas output rebounded 9.3% (-0.5% y/y), while electric power generation jumped 5.4% (0.5% y/y). Mining sector production offset some of these increases, however, with a 2.3% fall (-13.4% y/y).
Factory sector production recovered 0.3% last month (0.4% y/y) following an unrevised 0.3% drop. Consumer goods production jumped 1.2% (1.3% y/y) as motor vehicle output & parts output recovered 1.3% (4.3% y/y) after a 1.4% drop. Electrical equipment production declined 0.9% (-0.5% y/y), but machinery output jumped 2.4% (-3.8% y/y). Computer & electronic product production rose 0.2% (3.0% y/y).
In the nondurable goods sector, petroleum & coal production declined 3.4% (+2.2% y/y), and chemical output eased 0.3% (+1.0% y/y). Apparel output declined 2.3% (-8.3% y/y) while paper product production remained unchanged (-2.5% y/y).
In the subcategory groupings, output of high technology products edged 0.1% higher (2.4% y/y) as semiconductor production increased 1.3% (0.3% y/y). Computer & office equipment production fell 0.8% (-4.0% y/y). Communications equipment eased 0.6% (+11.4% y/y). Overall factory sector production excluding the high-tech & motor vehicle sectors recovered 0.2% after a 0.2% fall, and was unchanged y/y.
Capacity utilization increased to 75.4% last month from 74.9%, revised from 74.8%. That remained down from 78.9% in November 2014. Factory sector utilization improved to 75.3%, but was down from the 2014 high of 76.3%. Industry capacity rose 1.0% y/y while factory sector capacity improved 0.8% 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)||Apr||Mar||Feb||Apr Y/Y||2015||2014||2013|
|Capacity Utilization (%)||75.4||74.9||75.6||76.9||76.7||78.2||76.9|