- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans & Deposits, Monetary Aggregates, Banking System Surveys (Mar)
- Japan: Index of Business Conditions (Feb-Final), Electric Power Generated (Jan)
- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller September 15, 2016
Industrial output declined 0.4% during August (-1.1% y/y) following a 0.6% July increase, revised from 0.7%. It was the first production decline in three months and compared to a 0.2% shortfall expected in the Action Economics Forecast Survey.
Factory sector production fell 0.4% last month (-0.4% y/y) and reversed the prior month's rise. Consumer goods production eased 0.2% (+0.1% y/y) as machinery output fell 1.9% (-3.4% y/y). Output of electrical equipment & appliances declined 1.4% (-2.3% y/y). Appliance output fell 1.4% (+1.2% y/y), and computer & audio/video output was off 1.0% (+0.1% y/y). In the nondurable goods area, chemical production fell 0.6% (-1.0% y/y), but apparel production improved 0.1% (-9.2% y/y). To the upside was motor vehicle & parts production by 0.5% (4.7% y/y), and furniture output by 0.6% (-0.5% y/y). Paper production strengthened 0.8% (-0.5% y/y) while food, beverage & tobacco production gained 0.3% (-0.5% y/y). In the capital goods sector, business equipment production declined 0.4% (-1.3% y/y) as industrial equipment output fell 2.0% (-1.5% y/y). Offsetting this decline was a 1.3% rise (2.8% y/y) in information processing equipment production.
Materials production eased 0.5% (-1.8% y/y) as durable materials output fell 0.8% (-1.2% y/y), but nondurable goods materials production was little changed (0.8% y/y). Energy materials production fell 0.4% (-4.2% y/y).
Utilities production declined 1.4% (+1.6% y/y) while mining output firmed 1.0% (-9.4% y/y).
In the special industrial output groupings, output of high technology products rose 0.2% (4.6% y/y). Computer & office equipment fell 0.4% (3.8% y/y). Industrial production excluding autos & high technology products declined 0.5% (-1.6% y/y).
The overall capacity utilization rate declined to 75.5% and reversed the prior month's rise. The factory sector utilization rate fell to 74.8%, the lowest level in three months. Industrial capacity increased 0.4% 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)||Aug||Jul||Jun||Aug Y/Y||2015||2014||2013|
|Capacity Utilization (%)||75.5||75.9||75.5||76.7||76.7||78.2||76.9|