- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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|