April industrial production

April industrial production.
Around the world in 17 news.

India's April industrial output rises at a slow 6.3 percent.
U.S. industrial output flat in April, hurt by Japan earthquake.
China’s industrial production slows in April.
Russia’s April industrial production grew 4.5%.
Brazil: Output tumbles 2.1% in April 2011.
Malaysia. April IPI down 2.2% on lower demand.
Turkey industrial production up 8.3 percent in April.
Industrial output in Romania down 0.2% in April this year.
Hungarian April industrial production accelerates on recovery.
UK: Industrial Production registers a downtrend in April.
German industrial production declines.
France's industrial production decreases in April.
Spain's industrial output falls in April.
Italy: Industrial production up 1%.
Sweden April industrial production -0.7% on mo, +12% on yr.
Dutch industrial output growth slows in April.
Irish industrial output rises. India's April industrial output rises at a slow 6.3 percent.
India's industrial production grew at a much slower 6.3 percent in April as per the new series compared to 13.1 percent in April 2010, according to official data.
The new series will now compute the index of industrial production (IIP) keeping 2004-05 as the base year. The earlier series had 1993-94 as the base.
As per the old series, the IIP growth came in at a much slower 4.4 percent. It had grown by 16.6 percent in April 2010 going by 1993-94 as the base.
Finance Minister Pranab Mukherjee termed the figures "disturbing".
"The IIP growth figures are disturbing. But we need to wait for longer term IIP growth to see the trend," Mukherjee told reporters here.
The dip in industrial output had a negative impact on Indian equities markets with a benchmark index of the Bombay Stock Exchange, the 30-scrip sensitive index (Sensex) falling over 200 points to an intra-day low of 18,182.9 points.
As per the new series, manufacturing, which constitutes about 80 percent of the IIP, grew at a rate of 6.9 percent in April compared to 14.4 percent last year, while mining increased by 2.2 percent as against 9.2 percent in April 2010, according to the statement from the ministry of statistics and programme implementation.
Electricity generation rose 6.4 percent during the month under review.
Consumer goods output was sluggish at 2.9 percent, compared to 13.8 percent in April 2010, while consumer durables production slowed to 3.8 percent as against a whopping 23.3 percent in the like month of last year.
"On the back of IIP reading of 7.3 percent for March 2011, which had surprised the market on the upside, the release for April 2011 data at 4.4 percent (as per old series) is below expectation of about 5.5 percent," said Sudhakar Shanbhag, chief investment officer, Kotak Mahindra Old Mutual Life Insurance Ltd.
In terms of industries, 16 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of April 2011 as compared to the corresponding month of the previous year.
For the year 2010-11, IIP grew 8.2 percent over the corresponding period of the previous year.
The Reserve Bank of India will be keenly watching the industrial output scenario, although it has said it would focus on curbing inflation even if it means sacrificing some growth in the short-term.
"The degree of slowdown in growth would have implications on RBI's rate increase plans. Though currently the bias is to control inflation, there would be a close watch on growth numbers as well since the tightening over the last 12 months will start showing impacts now and over the next few quarters," said Shanbhag.
http://mangalorean.com/

U.S. industrial output flat in April, hurt by Japan earthquake.
U.S. industrial output was flat in April as the earthquake in Japan in March interrupted the supply of parts to auto makers, a Federal Reserve report said.
Factory production fell 0.4 percent in April, its first decline in 10 months, the Fed said. Excluding motor vehicles and parts, factory production rose 0.2 percent in April.
Manufacturing makes up almost 75 percent of U.S. industrial production. Analysts had expected a 0.4 percent rise in overall output, which was buoyed by increases of 0.8 percent in mining and 1.7 percent in utilities.
Total industrial production is 5 percent above its year-ago level, the Federal Reserve said.
Capacity use, a measure of how close firms are to running their facilities at maximum capability, fell unexpectedly to 76.9 percent in April from a downwardly revised 77 percent in March. Analysts were expecting capacity use to rise to 77.6.
http://www.cnbc.com/

China’s industrial production slows in April.
China’s industrial value-added output rose 13.4 percent year on year in April, but down from March’s 14.8-percent growth, the National Bureau of Statistics (NBS) said.
For the first four months of this year, industrial value-added output increased 14.2 percent, down 0.2 percentage points from the January-March period, NBS spokesman Sheng Laiyun said at a press conference.
Industrial value-added output for the heavy industry sector expanded 14 percent last month from the same month last year, a slowdown from a 15.6-percent increase in March.
Analysts said the production slowdown in China’s heavy industry was partly caused by power shortages in recent weeks that plagued many industry-heavy provinces such as Zhejiang, Guangdong and Jiangsu.
“In the short term, power shortages and cuts in some provinces will slow growth in some heavy industries, including cement, non-ferrous metal, iron and steel, and chemical sectors,” Wang Tao, an economist with UBS Securities said in a note to clients.
However, Wang said the risk of severe nationwide power shortages that would hurt China’s economic growth, was slim.
The country’s light industry sector witnessed a year-on-year growth of 11.9 percent in industrial value-added output last month, accelerating from March’s 12.8-percent rise.
Industrial value-added output measures the final results of industrial production, or in other words the value of gross industrial output minus intermediate inputs, such as raw materials and labor costs.
The NBS also released consumer price index (CPI), fixed asset investment and retail sales’ figures.
The country’s CPI rose 5.3 percent year on year in April, above the government’s full-year target of 4 percent.
http://www.usnewslasvegas.com 

Russia’s April industrial production grew 4.5%.
According to the National Bureau of Statistics data, Russia’s industrial production in April this year had an increase of 4.5%, lower than analysts expected.
Statistics show that in the first three months of this year, Russia’s industrial production growth was 6.7%, 5.8%, and 5.3%.
In April, Russia’s processing and manufacturing industry grew 5.3%, lower than the growth rate of the first three months of this year. The mining industry production grew 1.4%, 2.3% the energy production, steel production fell 0.9%, pig iron production fell 6.3%.
http://www.finance-ol.com

Brazil: Output tumbles 2.1% in April 2011.
Several newspapers reported that output at Brazil's mines and factories tumbled in April 2011, falling a seasonally adjusted 2.1% compared with March. Production in the country's industrial sector fell off after three consecutive months of growth.
Brazil’s industrial production fell in April by the most since 2008, after policy makers raised borrowing costs, surprising analysts who had expected output to expand in Latin America’s biggest economy.
This output performance was worse than all 35 analysts predicted in a Bloomberg survey whose median estimate was for a 0.2 percent increase. Output fell 1.3 percent from a year earlier, the national statistics agency said in Rio de Janeiro. Thirteen of 27 industries surveyed saw output shrink. Production of machinery fell 5.4 percent in April, reversing four consecutive months of growth. Output of capital goods, a barometer of investment fell 2.9 percent after expanding 7.7 percent in the first quarter.
Brazil's manufacturing sector was unable to continue the recovery seen in the first three months of 2011 after flat lining at the end of 2010, when the strength of the Brazilian real caused a flood of cheap imports that undercut the local manufacturing sector.
Domestic demand has remained robust despite moves by the Brazilian Central Bank to tamp down consumption, including a series of interest rate hikes and higher bank reserve requirements aimed at reducing consumer credit. Greater access to consumer credit, record low unemployment and higher wages has allowed Brazilians to go on a spending spree that has stoked inflation concerns.
http://www.latindailyfinancialnews.com

Malaysia. April IPI down 2.2% on lower demand.
Malaysia's industrial production index (IPI) contracted 2.2% in April from a year ago, turning negative for the first time since November 2009 as the global economy slowed and demand dropped.
The index was dragged down by all the sub-indices, with the mining index tumbling 6.9%, the manufacturing index shedding 0.4% and the electricity index slipping 0.7%.
The surprise contraction in the IPI was not reflected by the projections given by economists in a Bloomberg survey, who had forecast a median growth of 2.5%.
MIDF Research chief economist Anthony Dass said the decline in manufacturing output signified the impact from Japan's triple disaster earlier this year, coupled with the below-par numbers from the US in the month of April.
Dass said that while there might be a slight dampening effect in gross domestic product (GDP) growth in the second quarter of the year, he expected growth to improve in the second half.
“(This is) underpinned by the combination of domestic spending and higher exports earnings when re-building in Japan takes off as well as the low base comparison effect.
“Also we expect exports and production of crude materials, mineral fuels, liquefied natural gas, machinery, and transport equipment to strengthen. Thus, we reiterate our 2011 real GDP of 6.1% from 7.2% in 2010.”
AmResearch Sdn Bhd senior economist Manokaran Mottain said the IPI data showed that the downside risks were now higher because global growth was slowing down.
“This is largely due to the slowdown in consumer demand worldwide rather than the supply-chain disruption caused by the Fukushima nuclear disaster,” he said.
Manokaran said the coming months would be more challenging for the Malaysian economy as a large portion of the exports were from the electrical and electronic industry.
“Although higher commodity prices will prop up exports to a certain extent, this will not help in terms of output or growth,” he added.
He pointed out that the Government would also have to start rolling out the Economic Transformation Programme (ETP) projects soon to support the slowing growth.
CIMB in a research note said the contraction was “a surprise,” having forecast an increase of 1.6%. It also expected a second quarter GDP growth of up to 4.5%.
“The soft patch in the manufacturing sector, which makes up 27.6% of total GDP, will weigh on GDP growth in the second quarter, estimate to expand between 4% and 5.5%,” it said.
Credit Suisse in its research note said it expected the IPI to rebound in the third quarter.
“The recent slowdown in global growth momentum suggests that IPI is likely to remain sluggish in the next few months. But we expect this weakness to be transitory and expect global growth momentum to pick up later in the year,” it said.
“In addition, we expect more domestic investments from the Government's ETP to come on-stream in the second half of 2011. Our real GDP growth forecast remains unchanged at an above consensus 5.6% for 2011.”
Month-on-month, the IPI decreased 7.6%, while the index was revised to a positive 2.9% in March from 2.4% previously. The cumulative index for the period of January-April 2011 increased 1.5% as compared with the same period in 2010, the Statistics Department said on its website.
The performance of the mining sector was a result of the decreases in the crude oil and natural gas indices, which fell 8.9% and 2.9% respectively.
The decrease in the manufacturing output, meanwhile, was due to decreases in electrical and electronics products (15.3%), transport equipment and other manufactures (17.5%).
On a month-on-month basis, manufacturing output fell 8.1%. The growth for the first four months of 2011 increased by 4.3% versus the same period last year.
As compared with the preceding month, the electricity output in April posted a fall of 2.2%.
A decrease of 0.2% was registered in the first four months of 2011 compared with the same period last year.
http://biz.thestar.com.my/

Turkey industrial production up 8.3 percent in April.
Turkey's industrial production index increased by 8.3 percent in April this year over the same period a year earlier, the country's statistics authority said.
TurkStat said the index was up by 1.6 percent in mining sector, it was up by 8.6 percent in manufacturing sector and it also rose in electricity and gas production and distribution sector by 8.7 percent.
The industrial production index increased by 19 percent, 13.9 percent, and 10.4 percent in January, February and March, respectively.
http://www.worldbulletin.net Industrial output in Romania down 0.2% in April this year.
Industrial output in Romania, adjusted series reporting to the working day and seasonally, decreased by 0.2 percent compared to the previous month, due to lower manufacturing, but increased with 6.3 percent compared to the same month, last year.
In raw series, the industrial output decreased with 10.8 percent compared to March this year, but recorded an increase of 3.6 percent over the same month last year.
In the first four months of 2011, the industrial output, adjusted series, recorded an increase of 8.9 percent compared to the same period last year, due to the increases reported in manufacturing, in production and supply of electricity, gas, steam and air conditioning, and mining. In raw series, the increase was of 9.4 percent.
By main industrial groups, increases were recorded in all categories of goods, such as intermediate goods industry, up 15.9 percent, durable goods industry, up 11.3 percent, capital goods industry, up 9.3 percent, the energy industry, up 3.5 percent and household goods industry, up 2.5 percent.
http://www.romania-insider.com/

Hungarian April industrial production accelerates on recovery.
Hungary's industrial-output growth accelerated in April, rising more than economists' estimates, bolstering the recovery from the country's worst recession in 18 years.
Production rose a workday-adjusted 9.5 percent from a year earlier after 9.2 percent in March, the statistics office in Budapest said in a preliminary report today. The median estimate of 14 economists in a Bloomberg survey was 9.1 percent. Output rose 0.5 percent on the month after a 3.6 percent decline in the previous month.
Hungary is looking to the euro region, which buys 60 percent of products made or assembled in Hungary including Audi cars and Nokia phones, to support its recovery after the economy fell into a recession during the global financial crisis.
Prime Minister Viktor Orban wants to boost economic growth to 3.2 percent this year and to as much as 5.2 percent by 2014 from 1.2 percent last year.
http://www.sfgate.com

UK: Industrial Production registers a downtrend in April.
UK Industrial Production declined on an annual basis to -1.2% in April 2011 from 0.1% in April 2010, against expectations of 1.3% growth, according to data released by National Statistics.
UK Industrial Production registered a downtrend also month-on-month, declining to -1.7% in April comparison with 0.2% in March and against forecasts of 0.0%.
http://community.nasdaq.com/

German industrial production declines.
Industrial production in Germany fell for the first time in four months in April.
This was largely due to a decline in the construction sector.
In March industrial production in Germany, according to figures from the Economy Ministry, grew by 1.2% but fell back in April by 0.6%.
After expanding at the fastest pace in almost a year in the first quarter the German economy, which is the largest in Europe, has been hit by surging energy costs sapping companies’ spending power together with austerity measures in other European countries reducing the potential for exports.
http://www.stockmarketwire.com

France's industrial production decreases in April.
According to Insee, France's industrial production shrank in April by 0.3% on a month earlier, due to a fall in energy production. The April manufacturing output data was more encouraging, however, as the manufacturing output rose in April by 0.2% after a 1.1% fall in March.
In the last three months, the manufacturing output increased (+1.5%).
The manufacturing output rose by 5.3% (y-o-y). It soared in the “other manufacturing” (+5.7%), in the electrical and electronic equipment and machine equipment (+7.2%) and in the manufacture of transport equipment (+6.3%).
http://www.insee.fr

Spain's industrial output falls in April.
Spain's industrial output fell for the second consecutive month in April, data showed, pointing to a slowing in the country's export-driven economic recovery.
In a release, Spain's National Statistics Institute said Spanish industrial output fell at an 1.6% annual rate in calendar-adjusted terms in April, after a 0.4% fall in March.
These declines follow increases of 2.8% in January and 3.6% in February.
"The [April] industrial output data were disappointing, and are in line with other indicators suggesting the economy will struggle to beat or even match its first-quarter performance," said Raj Badiani, an economist at IHS Global Insight in London.
In the first quarter, Spanish gross domestic product grew 0.3% from the fourth quarter of 2010.
Data from financial-information firm Markit showed Spain's purchasing managers' index fell to 48.2 in May, below the 50 growth threshold for the first time in eight months.
Spain has benefited from surging global exports in recent quarters and has been slowly recovering from the collapse of a decade-long housing boom that turned the economy into a sink of unemployment and spiraling social costs.
With domestic business investment and consumer spending still weak, demand for Spanish goods and services is coming from abroad.
But April's industrial output data suggested that foreign demand may be weakening.
Intermediate goods production, for example, fell by 1%. "The production of intermediate goods, the main force behind the export revival, posted its first annual fall since October, 2010," Mr. Badiani said.
Maria Jesus Fernandez, an economist at think-tank Funcas in Madrid, said she was forecasting Spanish industrial production and export growth would fall off after an exceptionally strong first quarter.
She said, however, that the magnitude of the fall in April production could be an anomaly—the result of one-off factors. She suggested that perhaps disruptions to global manufacturing from Japan's March earthquake and nuclear disaster could be to blame.
http://online.wsj.com/

Italy: industrial production up 1%.
According to Eurostat, the Italian industrial production in April marked a +1%, better than France (-0.4%) and Germany (+0.8%). This news was announced by Eurostat adding that the growth trend in Italy amounted to 7.8%, less than the other two European countries (Germany 13.9%, France 9%).
http://www.repubblica.it

Sweden April industrial production -0.7% on mo, +12% on yr.
Industrial production decreased by 0.7 percent in seasonally adjusted figures in April compared to March. Comparing April of 2011 with the same month of the previous year, industrial production increased by 12.0 percent in working day adjusted figures.
In most industry sub-sectors production decreased in April compared to March. The pharmaceutical industry had the most negative development with a decrease of 9.1 percent.
The development was positive when comparing the latest three month period (February-April) with the previous three month period. Production increased by 4.8 percent within all of industry.
Similar to the previous months this year, industrial production developed positively on a yearly basis with a rise of 12.0 percent in April compared with the same month of the previous year. The development was the strongest in the electrical equipment industry with an increase of 57,6 percent.
The figures for April are preliminary. Since the previous publication the change in industrial production in March compared to February has not been revised and still amounts to an increase of 0.9 percent. The change in the production in March of 2011 compared to March 2010 has been revised downwards by 0.1 percentage points amounting to an increase of 14.9 percent.
http://www.scb.se

Dutch industrial output growth slows in April.
Industrial production in the Netherlands rose at a weaker pace in April, data from the Central Bureau of Statistics showed.
Production rose 0.8 percent year-on-year during the month compared to 3.1 percent increase in the previous month. Output growth slowed for the second consecutive month.
The statistical office said that production is still below the pre-crisis level. The biggest increase in production was recorded by the transport industry, up 23 percent year-on-year.
The seasonally and calender adjusted production fell 1.5 percent during the March-April period compared to the period between January and February.
Separately, the statistical office reported that Dutch industrial turnover grew 13 percent year-on-year during April, slower than the 17.4 percent growth in March. Industrial orders grew 4.7 percent, much weaker than the 18.9 percent increase in March.
http://www.rttnews.com

Irish industrial output rises.
Irish industrial production rebounded in April having fallen back in March, increasing by 4.0 per cent in April on an annual basis.
Industrial production figures are a key indicator of the health of the economy.
The seasonally adjusted volume of industrial production for manufacturing industries for the three month period between February and March was 1.8 per cent lower than in the preceding three month period.
The 'modern' sector, which comprises high-tech and chemical sectors saw an annual increase in production of 2.6 per cent, with the traditional sectors increasing by 1.4 per cent.
Separately, the number of new cars licensed in May increased by 5.2 per cent, according to figures released by the CSO. 9,359 new private cars were licensed last month, compared with 8,893 in May 2010.
http://www.irishtimes.com/