EmailStory Stocks®
Archive
Last Update: 18-Jan-12 09:52 ET
Manufacturing Production Rebounds in December
After declining 0.3% in November, industrial production rebounded in December and increased 0.4%. The Briefing.com consensus expected industrial production to increase 0.5%.
The drop in industrial production in November was related to a 0.4% decline in manufacturing production. As we expected, the fall in manufacturing was not the start of a downturn in the sector as production rose 0.9% in December.
Production of durable and nondurable goods increased at nearly the same rate, 0.9% and 0.8% respectively.
Motor vehicles and parts production increased 0.6% in December after falling 2.6% in November. This was the result of a slight increase in motor vehicle assemblies -- 8.91 mln SAAR from 8.77 mln SAAR. Assemblies remain below the recent October peak of 9.17 mln SAAR. Auto assemblies increased from 3.20 mln SAAR in November to 3.29 mln SAAR in December. Light truck assemblies increased to 5.35 mln SAAR from 5.29 mln SAAR.
Mining production increased a modest 0.3% in December while utilities production declined 2.7% as unseasonably warm weather reduced demand for heating.
The drop in industrial production in November was related to a 0.4% decline in manufacturing production. As we expected, the fall in manufacturing was not the start of a downturn in the sector as production rose 0.9% in December.
Production of durable and nondurable goods increased at nearly the same rate, 0.9% and 0.8% respectively.
Motor vehicles and parts production increased 0.6% in December after falling 2.6% in November. This was the result of a slight increase in motor vehicle assemblies -- 8.91 mln SAAR from 8.77 mln SAAR. Assemblies remain below the recent October peak of 9.17 mln SAAR. Auto assemblies increased from 3.20 mln SAAR in November to 3.29 mln SAAR in December. Light truck assemblies increased to 5.35 mln SAAR from 5.29 mln SAAR.
Mining production increased a modest 0.3% in December while utilities production declined 2.7% as unseasonably warm weather reduced demand for heating.
