Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  January 16, 2013 16:03:26

U.S. - Industrial production in December rose by 0.3% and fulfilled the expectations of the market, making better than expected


Industrial production in the U.S. in December increased for the second consecutive month by 0.3% from the November revised growth rate of 1%. Market for December also expecting an average growth of 0.3% in the overall estimates range from -0.2 to +0.6%. The November figure was preliminarily estimated to grow by 1.1%.

The manufacturing sector, which represents a full 75% of total production and 12% of the entire U.S. economy grew in December by 0.8% compared with the November strengthening by 1.3%, compared with market estimates adjusted for an average increase of 0.5%.

Production of business equipment rose in December by 1.3% compared to November, 2%. Production of building materials is growing by 1%.
Production in the automotive industry grew by 2.6% compared with the November jump of 5.8%. Car sales in December reached an annual level of 15.3 million units in November, compared to 15.5 million.
Production of public service in December failed due to unusually warm weather by 4.8%, which was the most since March 2007. In November, the public service grew by 0.2%. December last year was the second warmest since the beginning of monitoring data in 1958.
Production mining sector in December grew by 0.6%.
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