- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
by Tom Moeller August 16, 2016
Industrial output increased 0.7% during July (-0.5% y/y) following a 0.4% June gain, revised from 0.6%. A 0.3% rise in output had been expected in the Action Economics Forecast Survey.
Factory sector production rose 0.5% last month (0.2% y/y), its strongest gain since last July. Consumer goods production rose 0.6% (0.8% y/y) as motor vehicle & parts production firmed 1.9% (1.8% y/y). Computer, video & audio production increased 1.3% (1.2% y/y), but appliance production fell 0.5% (+2.4% y/y). In the nondurable goods sector, production increased 0.5% (0.1% y/y) as energy product output jumped 2.2% (3.4% y/y). Chemical output rose 0.3% (-0.3% y/y), but clothing production fell 0.5% (-10.5% y/y). Business equipment production increased 0.6% (0.0% y/y) as industrial equipment production rose 0.7% (0.6% y/y); but information processing equipment output eased 0.1% (+3.6% y/y).
Materials production jumped 1.0% (-1.6% y/y) as energy materials surged 1.7% (-3.1% y/y). Durable goods material output increased 0.8% (-1.1% y/y) and nondurable goods materials production rose 0.7% (0.3% y/y).
Utilities production surged 2.1% (3.5% y/y) while mining output firmed 0.7% (-10.2% y/y).
In the special industrial output groupings, output of high technology products rose 1.0% (5.8% y/y). Computer & office equipment improved 0.2% (2.3% y/y). Industrial production excluding autos & high technology products increased 0.7% (-1.0% y/y).
The overall capacity utilization rate rose to 75.9%, its highest level since December. The factory sector utilization rate rose to 75.4%, the highest level since February. Industrial capacity increased 0.5% 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)||Jul||Jun||May||Jul Y/Y||2015||2014||2013|
|Capacity Utilization (%)||75.9||75.4||75.1||76.7||76.7||78.2||76.9|