Industrial Production & PPI

Industrial production rose 0.8% in November vs. 0.6% consensus and 0.1% rise in October. Capacity utilization was at 71.3% in November vs. 71.2% consensus and 70.7% level in October. So, moderate surprise to the upside.

Producer prices rose 1.8% on a monthly level and 2.7% on a year level. If we take food and energy out the figures would be 0.5% and 1.2%. On first look an improvement, but if we look at the details, still weak pricing power by the producers.

Foreign demand for long-term U.S. Securities fell almost 50% in October to $20.7bn. The decreased demand evidently leaded to steepened curve in last weeks.

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This entry was posted on Tuesday, December 15th, 2009 at 8:47 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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