Industrial Production Report
Mar 16
The Federal Reserve release the Industrial Production report yesterday, showing a slight overall increase in production. The report is based on the 2002 industrial output average and the numbers are stated as a percentage of that average.
Total production in February moved up by 0.1% to 101.0. Final products were down 0.1% with consumer goods moving -0.4% and business equipment going up 0.4%. Manufacturing was down 0.2%, but mining was up by 2.0% and utilities were up by 0.5%.
Carlton Smith is a Project Manager and Programmer living in Southeast Michigan. He is also the founder and Executive Editor of the web literary magazine Troubadour21.com. His blog can be found at UncleSol.net. Email Carlton at carlton@unclesol.net
Comments2
Rantor says:
March 20, 2010 at 11:40 am
The following from Market Ticker shows just how bad it is for Caterpillar:
Caterpillar Inc Reports 3 month dealer statistics;
Dec-Feb sales – filing – Retail Sales of Machines:
Feb.10 Jan.10 Dec.09
Asia/Pacific DOWN 2% UP 1% DOWN 12%
EAME* DOWN 22% DOWN 35% DOWN 41%
Latin America DOWN 20% DOWN 15% DOWN 24%
ROW* DOWN 15% DOWN 19% DOWN 28%
North America DOWN 30% DOWN 40% DOWN 46%
World DOWN 20% DOWN 27% DOWN 35%
Sales of Reciporcating & Turbine Engines to Retail Users & OEMS by Business Sector
Feb.10 Jan.10 Dec.09
Electric Power DOWN 26% DOWN 27% DOWN 27%
Industrial DOWN 15% DOWN 22% DOWN 44%
Marine DOWN 23% DOWN 18% DOWN 29%
Petroleum DOWN 47% DOWN 46% DOWN 46%
Total DOWN 33% DOWN 33% DOWN 36%
(Hattips to rebeltraders and aztrader)
Carlton Smith says:
March 25, 2010 at 2:04 am
I saw that report as well. Strange how the overall reports don’t seem to reflect the same, especially when you consider how much of the market is represented by Caterpillar.