- Japan: **Japan Tokyo employment index rebased to 2015=100**
- Saudi Arabia: Non-Oil Foreign Trade (Feb); Kuwait: CPI (Mar); Tanzania: BOP, Trade, Depository Corporations Survey, Public Finance (Feb)
- Portugal: OMFIs Balance Sheet (Feb)
- Luxembourg: Employment and Unemployment (Mar)
- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans and Deposits, Monetary Aggregates, Banking System Surveys, Public Finance (Mar)
- more updates...
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by Tom Moeller December 14, 2016
Industrial output declined 0.4% during November (-0.6% y/y) following a 0.1% October uptick, revised from no change. The latest reading disappointed expectations for a 0.2% decline in the Action Economics Forecast Survey.
Factory sector production eased 0.1% last month (0.1% y/y) following a 0.3% increase. Consumer goods production fell 0.5% (+0.9% y/y) after a 0.1% easing. In the durable goods sector, computers and video & audio equipment production fell 0.8% (+2.9% y/y) after a 6.3% jump. Furniture & appliance production fell 0.8% (+0.7% y/y) following a 1.0% rise. Motor vehicle & parts production declined 2.6% (+6.4% y/y). In the nondurable goods area, clothing output declined 0.8% (-3.1% y/y), but chemical production improved 0.1% (-2.2% y/y). Paper output declined 0.5% (-5.8% y/y). In the capital goods sector, production fell 0.3% (+0.2% y/y) after a 0.1% rise. Transit equipment production fell 0.2% (-2.0% y/y), but information processing equipment increased 0.5% (5.2% y/y). Construction supplies production gained 0.7% (0.6% y/y).
In the materials sector, a 0.7% decline in output (-1.6% y/y) reflected a 0.4% decline (-0.6% y/y) in durables and a 0.1% uptick (-0.2% y/y) in nondurables. Energy materials production was off 1.7% (-3.6% y/y).
Utilities output fell 4.4% (-1.9% y/y) but mining output increased 1.1% (-4.6% y/y).
In the special industrial output groupings, computers, communications equipment & semiconductor output rose 0.1% (5.4% y/y). Computer & peripheral equipment output fell 1.7% (+19.2% y/y) but communications equipment output improved 0.5% (7.4% y/y). Overall factory sector production excluding both the high-tech and automotive sectors rose 0.1% (-0.5% y/y) following a 0.2% increase.
Capacity utilization declined to 75.0%, its lowest level since March. Factory sector utilization eased to 74.8%, 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)||Nov||Oct||Sep||Nov Y/Y||2015||2014||2013|
|Capacity Utilization (%)||75.0||75.4||75.4||75.7||76.7||78.2||76.9|