-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: US Data Forecast Focus: February Indust Prod Seen +0.4%>
WASHINGTON (MNI) - Industrial production is expected to rebound by
0.4% in February after a 0.6% decline in January, with a number of
negative signs for manufacturing production after January's decline.
Factory payrolls rose by only 4,000 in February, with auto production
jobs up 1,000, while the factory workweek contracted further to 40.7
hours from 40.8 hours in January.
The ISM production index fell to 54.8 in the current month from
60.5 in the previous month. Utilities production is expected to surge on
harsh weather in the month after a modest 0.4% rise in January, while
mining production is expected to continue its upward path. Capacity
utilization is forecast to rise to 78.5% after falling to 78.2% in
January.
Analysts sharply overestimated industrial production in January,
as motor vehicle production fell sharply. Historical data point strongly
to the chance of another overestimate for this month's release.
Industrial Production: Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Forecast:
Median 0.2 0.1 0.5 0.1 0.2 0.4
High 0.6 0.3 0.7 0.4 0.2 1.1
Low 0.1 -0.4 0.3 -0.5 -0.2 0.0
Actual result 0.3 0.1 0.6 0.3 -0.6 #N/A
Median-Actual -0.1 0.0 -0.1 -0.2 0.8 #N/A
Historical Comparison: Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18
Median 0.4 0.1 0.3 -0.3 0.2 0.4
High 0.9 0.5 0.5 -0.1 0.6 0.8
Low -0.1 0.0 -0.1 -0.8 0.0 0.0
Actual result 0.7 0.6 0.1 -0.5 0.0 1.1
Median-Actual -0.3 -0.5 0.2 0.2 0.2 -0.7
Capacity Utilization: Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Forecast:
Median 78.2 78.1 78.7 78.4 78.8 78.5
High 78.3 78.3 78.8 78.7 78.8 79.0
Low 78.0 77.9 78.5 78.3 78.4 78.0
Actual result 78.1 78.4 78.5 78.7 78.2 #N/A
Median-Actual 0.1 -0.3 0.2 -0.3 0.6 #N/A
Historical Comparison: Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18
Median 79.4 78.6 79.6 76.8 75.5 77.8
High 79.6 78.7 79.7 76.9 75.8 78.1
Low 77.6 78.4 79.3 76.5 75.2 77.4
Actual result 79.6 78.8 78.9 76.7 75.4 78.1
Median-Actual -0.2 -0.2 0.7 0.1 0.1 -0.3
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
NA-Made Veh Sales Ex. GM, 7.8 7.6 7.4 7.6 7.1 7.1
Mfg Agg Hrs Index % chg -0.1 0.0 0.2 0.3 0.0 -0.2
Factory Jobs (000's) 18 29 27 20 21 4
Auto Prod Jobs (000's) 3 7 -2 1 0 1
Mining Jobs (000's) 4 6 -3 4 6 -3
Levels:
ISM Mfg PMI 59.5 57.5 58.8 54.3 56.6 54.2
ISM Mfg Production 63.1 59.3 59.9 54.1 60.5 54.8
Phila. Fed Index 21.4 19.7 11.9 9.1 17.0 -4.1
Empire State Index 18.8 20.0 21.4 11.5 3.9 8.8
Chicago PMI 61.5 59.4 63.5 63.8 56.7 64.7
Factory Workweek 40.9 40.8 40.8 40.9 40.8 40.7
Factory Overtime 3.5 3.5 3.5 3.6 3.5 3.5
--Kevin Kastner 202-371-2121; email:kkastner@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.