Click image
for larger version
Industrial
production increased 1.3% in November (the biggest month-to-month rise
since May 2010, and well above expectations
of +0.7%) after edging up in October; output is now reported to have risen at a
faster pace over the period from June through October than previously
published. In November, manufacturing output increased 1.1%, with widespread
gains among industries. The rise in factory output was well above its average
monthly pace of 0.3% over the previous five months and was its largest gain
since February. In November, the output of utilities jumped 5.1%, as weather
that was colder than usual for the month boosted demand for heating. The index
for mining decreased 0.1%. At 106.7% of its 2007 average, total industrial
production in November was 5.2% above its year-earlier level. Wood Products and
Paper output rose by, respectively, 1.3 and 0.1%.
Click image
for larger version
Click image
for larger version
Click image
for larger version
Capacity
utilization for the industrial sector increased 0.8 percentage point in
November to 80.1%, a rate equal to its long-run (1972-2013) average. Wood
Products and Paper rose by, respectively, 0.9 and 0.4%.
Click image
for larger version
Capacity
at the all-industries and manufacturing levels moved higher by, respectively, 0.3
and 0.2%. Wood Products extended its ongoing upward trend (since July 2013) when
increasing by 0.4%. Paper, on the other hand, contracted by 0.2% to another new
low.
The foregoing comments represent the
general economic views and analysis of Delphi Advisors, and are provided solely
for the purpose of information, instruction and discourse. They do not
constitute a solicitation or recommendation regarding any investment.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.