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Industrial Production: Difference between revisions
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(Created page with "== Developments == '''March 2023''' * Manufacturing output dropped 0.5% last month. Output decreased 1.1% on a year-on-year basis in March. Economists polled by Reuters had f...") |
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== Developments == | == Developments == | ||
{| class="wikitable" | |||
!Date | |||
!Actual M/M | |||
!Forecast M/M | |||
!Actual Y/Y<ref>https://www.investing.com/economic-calendar/industrial-production-161</ref> | |||
|- | |||
|Apr-23 | |||
|0.50% | |||
| -0.10% | |||
|0.24% | |||
|- | |||
|Mar-23 | |||
|0.40% | |||
|0.20% | |||
|0.53% | |||
|- | |||
|Feb-23 | |||
|0.00% | |||
|0.20% | |||
| -0.25% | |||
|- | |||
|Jan-23 | |||
|0.00% | |||
|0.50% | |||
|0.79% | |||
|- | |||
|Dec-22 | |||
| -0.70% | |||
| -0.10% | |||
|1.65% | |||
|- | |||
|Nov-22 | |||
| -0.20% | |||
|0.10% | |||
|2.51% | |||
|- | |||
|Oct-22 | |||
| -0.10% | |||
|0.20% | |||
|3.28% | |||
|- | |||
|Sep-22 | |||
|0.40% | |||
|0.10% | |||
|5.33% | |||
|- | |||
|Aug-22 | |||
| -0.20% | |||
|0.10% | |||
|3.68% | |||
|- | |||
|Jul-22 | |||
|0.60% | |||
|0.30% | |||
|3.90% | |||
|- | |||
|Jun-22 | |||
| -0.20% | |||
|0.10% | |||
|4.16% | |||
|- | |||
|May-22 | |||
|0.20% | |||
|0.40% | |||
|5.83% | |||
|- | |||
|Apr-22 | |||
|1.10% | |||
|0.50% | |||
|6.40% | |||
|- | |||
|Mar-22 | |||
|0.90% | |||
|0.40% | |||
|5.47% | |||
|- | |||
|Feb-22 | |||
|0.50% | |||
|0.50% | |||
|7.45% | |||
|- | |||
|Jan-22 | |||
|1.40% | |||
|0.40% | |||
|4.08% | |||
|} | |||
=== '''March 2023''' === | |||
* Manufacturing output dropped 0.5% last month. Output decreased 1.1% on a year-on-year basis in March. Economists polled by Reuters had forecast production would dip 0.1%. | * Manufacturing output dropped 0.5% last month. Output decreased 1.1% on a year-on-year basis in March. Economists polled by Reuters had forecast production would dip 0.1%. | ||
* Manufacturing output rose at a 0.3% annualized rate in the first quarter after declining at a 3.1% pace in the October-December period. | * Manufacturing output rose at a 0.3% annualized rate in the first quarter after declining at a 3.1% pace in the October-December period. | ||
| Line 7: | Line 93: | ||
* The sharp rebound in utilities offset the declines in manufacturing and mining, lifting overall industrial production by 0.4% last month. | * The sharp rebound in utilities offset the declines in manufacturing and mining, lifting overall industrial production by 0.4% last month. | ||
* Industrial output gained 0.2% in February. Industrial production grew at a 0.2% rate in the first quarter after contracting at a 2.5% rate in the fourth quarter. | * Industrial output gained 0.2% in February. Industrial production grew at a 0.2% rate in the first quarter after contracting at a 2.5% rate in the fourth quarter. | ||
=== April 2023 === | |||
* Industrial production in the United States rose 0.5 percent from a month earlier in April 2023, beating market expectations of flat reading.<ref>https://tradingeconomics.com/united-states/industrial-production-mom</ref> | |||
* Manufacturing advanced 1 percent, well above forecasts of a 0.1 percent increase bolstered by a strong gain in the output of motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.4 percent. | |||
* The index for mining rose 0.6 percent, while the index for utilities dropped 3.1 percent, as milder temperatures in April lowered demand for heating. | |||
* Industrial production in the United States increased 0.2% year-on-year in April of 2023, following a downwardly revised 0.1% rise in March. | |||
* The mining sector surged 5.6% while a decline was seen for manufacturing (-0.9%) and utilities (-0.4%) Y/y | |||