Archive for April 15th, 2011

U.S. Freight Carloads Weekly – April 15, 2011

U.S. railroads originated 293,798 carloads, up 1.8% compared with the same week in 2010 and down 1.9% compared with 5-year average. Week over week change was -4.0%.

China Charts Wrap Up

The rest of the charts I didn’t have time to post…

U.S. Industrial Production Rose 0.8% In March

U.S. industrial production rose 0.8% in March. The consensus was at 0.6%, February (up 0.2%) reading was at 0.1%. On year level industrial production is up 5.9%.

April Empire State Manufacturing At 21.7

Empire State Manufacturing General Business Conditions Index for April came out at 21.7 vs. 17.0 consensus and prior reading of 17.5.

Positive surprise.

U.S. Consumer Price Index Rose 0.5% In March

U.S. consumer price index rose 0.5% in March vs. 0.5% consensus and February reading of also 0.5%. On year level CPI inflation is running at 2.7%.

Year-on year inflation is rising, but nowhere near alarming rates (jet).

China March CPI Inflation At 5.4%; PPI Inflation At 7.3%

China Consumer Price Index was up 5.4% in March, vs. 5.2% consensus and 4.9% February reading. Both food and non-food CPI’s were higher, at 11.7% y-o-y and 2.7% y-o-y, respectively vs. 11.0% y-o-y and 2.3% y-o-y in February. Services CPI also rose to 4.2% y-o-y vs. 3.8% y-o-y in February, pointing to slight (for the time being) wage-driven inflation pressure.
China Producer Price Index was up 7.3% vs. 7.2% consensus and 7.2% February reading. This suggests rising CPI.

More tightening ahead.

China Q1 GDP Growth At 9.7%

China first quarter GDP growth was reported at 9.7%, vs. fourth quarter 2011 growth rate of 9.8%. Consensus was at 9.4%.

The slowdown most notably occurred in secondary industries (mining, constructionand manufacturing) on the back of monetary tightening.


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