Business
Business
Calendar
Calendar
Cloud
Cloud
Rose
Rose
Weather
Weather
Construction
Construction
Strong
Strong
Change
Change
Government
Government
Jumped
Jumped
Been
Been
gdp
gdp
data
data
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light
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rare
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surge
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down
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sales
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day
naics
naics
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government shutdown
government shutdown
december
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note
note
range
range
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quarter
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factory
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hit
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were
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figures
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utility
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 no
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professional
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memes
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useful
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Intl
Intl
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Its
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Report
Report
In 2016
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Warm Weather
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From
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The
Supplies
Supplies
Todays
Todays
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Where
Last
Last
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But
That
That
Trucks
Trucks
Percent
Percent
U S
U S
And
And
Flat
Flat
out
out
pointing
 pointing
numbers
 numbers
no more
 no more
short
 short
two
 two
years
 years
year
 year
month
 month
yet
 yet
traditional
 traditional
no
 no
utility
utility
figures
figures
gains
gains
moderate
moderate
were
were
actual
actual
consensus
consensus
separate
separate
drove
drove
warm
warm
overall
overall
together
together
end
end
hit
hit
though
though
winning
winning
more
more
event
event
consumer goods
consumer goods
economic
economic
fed
fed
capacity
capacity
industrial
industrial
basis
basis
dec
dec
vehicle
vehicle
factory
factory
for
for
mining
mining
quarter
quarter
what
what
vast
vast
range
range
note
note
december
december
government shutdown
government shutdown
level
level
story
story
gain
gain
solid
solid
did
did
naics
naics
day
day
for business
for business
set
set
may
may
offset
offset
sales
sales
down
down
total
total
one
one
surge
surge
top
top
rare
rare
m&m
m&m
light
light
data
data
gdp
gdp
Been
Been
Jumped
Jumped
Government
Government
Change
Change
Strong
Strong
Construction
Construction
Weather
Weather
Rose
Rose
Cloud
Cloud
Calendar
Calendar
Business
Business

2019 Economic Calendar powered by ECONO DAY US & Intl Recaps Event DefinltionsToday's Calendar Industrial Productior Released On 1182019 91500 AM For Dec 2018 Production - MM change Manufacturing - MM Capacity Utilization Rate-Level Prior 06% 00% 785 % Prlor Revised 04 % 01% 786 % Consensus 03 % 01% 784 % Consensus Range 00 % to 06 % 00 % to 04 % 767 % to 787 % Actual 03 % 11% 787 % Highlights A surge in motor vehicle production together with construction supplies along with a strong gain for business equipment drove a rare 11 percent December increase in manufacturing production that far surpasses Econoday's consensus range where the top estimate was only 04 percent Mining production at 15 percent also rose sharply in December though utility production down 63 percent and likely reflecting unseasonably warm weather was an offset as overall industrial production did no more than hit Econoday's consensus at a 03 percent gain Vehicle production fed by gains for autos and especially light trucks and despite what has been a flat year for vehicle sales jumped 47 percent in the month while construction supplies which have been in short supply for the last year rose 16 percent Business equipment which has been in solid demand for the last year rose 05 percent But consumer goods have not been in demand unchanged in the month and up only 10 percent on the year And the year-on-year rates tell the story for industrial production rising 78 percent for vehicles and up 50 percent for business equipment but up only 21 percent for construction supplies Manufacturing as a whole rose only 32 percent in 2018 vs a vast 134 percent rise in mining Utility production fell 43 percent last year The yearly gain for total industrial production was 40 percent vs 29 percent in 2017 and only 05 percent in 2016 Capacity utilization ended 2018 at 787 percent moderate but up from 773 and 757 percent in the prior two years Indications from many regional reports were pointing to factory slowing at year end though today's report and it's definitive set of economic numbers tells the opposite story - one centered in the unexpected gain for vehicles Yet separate data on factory orders and shipments are being delayed by the government shutdown and do cloud what to expect for manufacturing's contribution to fourth-quarter GDP Note that traditional non-NAICS numbers for industrial production may differ marginally from NAICS basis figures Meme

found ON 2019-01-20 03:43:43 BY ME.ME

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