Thursday, February 14, 2013

Jan. Industrial Production and Capacity Utilization Expectations

Industrial production and capacity utilization for January will be released tomorrow morning at 10am (ET).  Given the surprising upside that we saw in Jan. ISM-manufacturing index, we think industrial production may come in slightly ahead of expectations.  Our estimate is 98.5%, a 0.4% increase from Dec.  The consensus stands at 98.4%.  With not much overall change in the work week figures of most regional surveys, we think capacity utilization will likely be in-line with the Street's estimate of 78.9%, a 0.1% sequential increase.

No comments:

Post a Comment