US DATA: Dec Industrial Prodn +0.3% (almost as expected) vs +1.0%r Nov on...
US DATA: Dec Industrial Prodn +0.3% (almost as expected) vs +1.0%r Nov on
hurricane rebound. Mfg +0.8%, mining +0.6%, but utilities -4.8% as "unseasonably
warm weather held down the demand for heating." IP is now at its highest level
since Jun'08 (the last recession began in Dec'07). In mfg, consumer goods fell
but biz eqpt rose, and construction supplies were +1.0% in hurricane aftermath.
Cap-Utiliz was 78.8%, still below the 80.3% long-term avg.
16. January 2013 19:45:00