February’s surprise 0.1% increment in industrial production came despite severe winter weather during the month that was expected to hamper production. Amongst the index’s biggest gainers were computers and information processing equipment, which each rose roughly 1%. As Bloomberg put it these increments ‘signal the pickup in U.S. business investment is being sustained’. However, could […]
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industrial production
December’s Industrial Production rose +0.6%, inline with a Bloomberg consensus forecast of +0.6%. November’s release was revised to +0.8% to +0.6%. December’s reading was almost entirely due to a 5.9% jump in utilities stemming from extremely cold weather around the country. The index’s manufacturing component actually fell -0.1% during the month, while mining output rose […]
With employment out of the way—for now—onto earnings; Alcoa is scheduled to kick of the 4Q09 earnings season with its report on Monday. Earnings might be stealing most of the show this week, but don’t count out economic data with the release of a critically important retail sales release on Thursday and a torrent of […]
There is no doubt that this week’s FOMC meeting will steal the economic headlines, however, the result is likely to be rather anticlimactic. I do not anticipate any major changes to the FOMC’s statement, and certainly no shift in the target rate—despite last month’s better than expected employment data. The Fed will not view a […]
Industrial Production rose +0.1% in October, versus a Bloomberg consensus forecast of +0.4%.At the same time September’s reading was revised up from +0.6% to +0.7%. As I warned in my US Economics Week Ahead, manufacturing production lost -0.1% during the month while utility output more than offset this decline by climbing 1.6%, on what was […]
The last full week in November brings with it its fair share of economic data, Fed talk, and a few important earnings stragglers. The general themes of the week will be housing, manufacturing, inflation, and the consumer. On the economic front, October’s retail sales—released on Monday—should steal the show, followed up by October’s industrial production […]
Despite a holiday on Monday, we have a busy week on all fronts, combing a deep economic calendar with a flurry of critical earnings releases. On the economics front the two most important indicators are retail sales on Wednesday and CPI on Thursday. September’s retail sales could face some negative pressure on the back of […]
Industrial production grew by +0.8% in August, compared to a consensus forecast of +0.7%, and a previous reading of +0.5%. Much of this growth is attributable to increased manufacturing stemming from the US government’s Cash for Clunkers program. The capacity utilization rate rose to 69.6 from a revised 69.0 in July. The increment in IP […]
After last week’s relatively light economic calendar, the market faces a deluge of data from nearly every facet of the economy. With that said this week’s most closely watched release will likely be Tuesday’s retail sales announcement, which is expected to show a +2.0% gain on the back of increased auto-sales and higher gas prices, […]
July’s Industrial Production Index rose by +0.5%, compared to a Bloomberg consensus of +0.6%. his was the index’s first gain in nine months. Capacity utilization came in slightly higher than expected at 68.5% compared to a consensus forecast of 68.0%. The manufacturing output experienced an increment of +1.0%, mostly attributable to increased automobile production. Excluding […]