- 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 November 16, 2016
Industrial output was steady during October (-0.9% y/y) following a 0.2% September decline, revised from a 0.1% increase. An August decline of 0.1% was revised from -0.5%. The unchanged October reading disappointed expectations for a 0.2% rise in the Action Economics Forecast Survey.
Factory sector production increased 0.2% last month (-0.2% y/y), the same as in September. Consumer goods production fell 0.2% (+0.5% y/y) after a 0.1% easing. In the durable goods sector, computers and video & audio equipment production jumped 1.7% (-3.0% y/y) after two consecutive 2.3% declines. Furniture & appliance production rose 0.8% (0.5% y/y) following a 0.5% rise. Motor vehicle & parts production gained 0.9% (5.0% y/y). In the nondurable goods area, clothing output declined 0.5% (-5.1% y/y), but chemical production rose 0.7% (-1.9% y/y). Paper output improved 0.7% (-1.9% y/y). In the capital goods sector, production increased 0.2% (-0.2% y/y) after two slight monthly declines. Transit equipment production fell 0.2% (-3.3% y/y), but information processing equipment increased 1.1% (6.4% y/y). Construction supplies production gained 0.6% (-0.5% y/y).
In the materials sector, a 0.2% output increase (-1.7% y/y) reflected a 0.7% rise (-0.8% y/y) in durables and a 0.3% decline (-0.5% y/y) in nondurables.
Utilities output fell 2.6% (-0.1% y/y) but mining output increased 2.1% (-7.0% y/y).
In the special industrial output groupings, computers, communications equipment & semiconductor output rose 1.0% (6.7% y/y). Computer & peripheral equipment output gained 3.3% (13.0% y/y) but communications equipment output fell 0.4% (+17.4% y/y). Overall factory sector production excluding both the high-tech and automotive sectors rose 0.1% (-0.6% y/y) following a 0.2% rise.
Capacity utilization eased to 75.3%. It has been moving sideways this year following a decline from the 2014 peak of 78.9%. Factory sector utilization also rose to 74.9%, but remained below the 2014 peak of 76.3%.
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)||Oct||Sep||Aug||Oct Y/Y||2015||2014||2013|
|Capacity Utilization (%)||75.3||75.4||75.6||76.3||76.7||78.2||76.9|