Monday, March 17, 2014 10:08:07 AM
Industrial Production
Released On 3/17/2014 9:15:00 AM For Jan, 2014
Prior Prior Revised Consensus Consensus Range Actual
Production - M/M change -0.3 % -0.2 % 0.3 % 0.0 % to 0.5 % 0.6 %
Capacity Utilization Rate - Level 78.5 % 78.6 % 78.4 % to 78.8 % 78.8 %
Manufacturing - M/M -0.8 % -0.9 % 0.3 % 0.2 % to 0.5 % 0.8 %
Highlights
Industrial production was unexpectedly strong in February and utilities actually tugged down on the latest number. Industrial production rebounded 0.6 percent after dipping 0.2 percent in January. Market expectations were for a 0.3 percent gain.
By major components, manufacturing jumped 0.8 percent in February, following a 0.9 percent drop the month before. The consensus called for a 0.3 percent increase. Mining rose 0.3 percent, following a 0.5 percent boost in January. Utilities slipped 0.2 percent after a 3.8 percent surge the prior month.
According to the Fed, much of the swing in the rates of change for production in January and February reflected the depressing effects on output of the severe weather in January and the subsequent return to more normal levels of production in February.
The production of durable goods rose 0.9 percent in February and was 2.7 percent above its year-earlier level. Large increases in February for several categories of durables more than offset large decreases in other categories. The biggest gain was in the output of motor vehicles and parts, which advanced 4.8 percent. Nondurable manufacturing output rose 0.7 percent in February after having dropped 1.1 percent in January; production in February was 0.5 percent above its level of a year earlier.
Manufacturing excluding motor vehicles increased 0.5 percent in January, following a 0.6 percent drop in January.
Capacity utilization improved to 78.8 percent from 78.5 percent in January. Expectations were for 78.6 percent.
Factory activity in February mostly recovered from weather depressed production in January. Manufacturers apparently made a strong effort to boost production after losses in January.
Released On 3/17/2014 9:15:00 AM For Jan, 2014
Prior Prior Revised Consensus Consensus Range Actual
Production - M/M change -0.3 % -0.2 % 0.3 % 0.0 % to 0.5 % 0.6 %
Capacity Utilization Rate - Level 78.5 % 78.6 % 78.4 % to 78.8 % 78.8 %
Manufacturing - M/M -0.8 % -0.9 % 0.3 % 0.2 % to 0.5 % 0.8 %
Highlights
Industrial production was unexpectedly strong in February and utilities actually tugged down on the latest number. Industrial production rebounded 0.6 percent after dipping 0.2 percent in January. Market expectations were for a 0.3 percent gain.
By major components, manufacturing jumped 0.8 percent in February, following a 0.9 percent drop the month before. The consensus called for a 0.3 percent increase. Mining rose 0.3 percent, following a 0.5 percent boost in January. Utilities slipped 0.2 percent after a 3.8 percent surge the prior month.
According to the Fed, much of the swing in the rates of change for production in January and February reflected the depressing effects on output of the severe weather in January and the subsequent return to more normal levels of production in February.
The production of durable goods rose 0.9 percent in February and was 2.7 percent above its year-earlier level. Large increases in February for several categories of durables more than offset large decreases in other categories. The biggest gain was in the output of motor vehicles and parts, which advanced 4.8 percent. Nondurable manufacturing output rose 0.7 percent in February after having dropped 1.1 percent in January; production in February was 0.5 percent above its level of a year earlier.
Manufacturing excluding motor vehicles increased 0.5 percent in January, following a 0.6 percent drop in January.
Capacity utilization improved to 78.8 percent from 78.5 percent in January. Expectations were for 78.6 percent.
Factory activity in February mostly recovered from weather depressed production in January. Manufacturers apparently made a strong effort to boost production after losses in January.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
