Sunday, June 3, 2012

The volume of industrial production in the U.S. in February 2012 did not change compared to January

In the U.S., industrial production in February 2012 did not change compared with the previous month. This was reported by the Federal Reserve System (FRS) the USA. Analysts had expected the index to increase by 0.4%. Compared with February 2011 Industrial production in the U.S. in February 2012 increased by 4%. Coefficient of utilization of industrial capacity in February 2012 in relation to the previous month decreased by 0.1 percentage points and amounted to 78.7%. A year earlier the rate was 76.5%.
In January 2012, industrial output in the U.S., according to revised data, rose by 0.4% monthly basis (previously reported that the rate has not changed). Coefficient of utilization of industrial capacity was 78.8% (previously reported on the index at 78.5%).
In January 2012 the negative trade balance increased to U.S. 52.6 billion dollars compared with a revised value for December 2011, according to a report released today by U.S. Department of Commerce The experts predicted an increase in the aforesaid rate only to 48.4 billion dollars as Analysts note that the January deficit is the biggest monthly deficit since October 2008. In December 2011 the negative trade balance of U.S., according to revised data, amounted to $ 50.4 billion reported earlier that the deficit was 48.8 billion dollars
In January 2012 the volume of imports reached 233.4 billion U.S. dollars (an increase of 2.1% compared with the previous month), the volume of exports - 180.8 billion (+1.4% the previous month). At the same annualized U.S. imports grew by 8.4%, and export - by 7.7%.
The U.S. unemployment rate in February 2012 as compared with the previous month remained unchanged at 8.3%. Analysts predicted that this figure will be just 8.3%. The official U.S. unemployment rate is at its lowest level in nearly 3 years.
The growth rate of consumer prices in the U.S. in annual terms in February remained at 2.9% in January, according to the Ministry of Labour of the country. In monthly terms, consumer price growth in the world's largest economy in February, taking into account seasonal factors accounted for 0.4%, while in January, an increase of 0.2%. Thus, the data coincide with the forecasts of analysts in both the annual and in monthly terms.
The most significant growth in the reporting month showed fuel prices, increased just 6% after rising 0.9% a month earlier. Energy as a whole grew by 3.2%, while in January, growth was more modest - just 0.2%. Food prices have not changed in February after rising 0.2% the previous month.
Consumer prices excluding food and energy industries, rose on a monthly basis by 0.1%, while year - by 2.2%. These coincided with the forecasts on an annualized basis, and went in the month - analysts had expected growth of 0.2%.
Meanwhile, the entry of Russia into the WTO and granting it the status of permanent normal trade partner of the U.S. - is "a gift is not Russia, and U.S. farmers, manufacturers and workers." This opinion was expressed on Monday, the U.S. ambassador in Moscow, Michael McFaul, speaking at the Institute of World Economics. Peterson in Washington on "Russia after the presidential election: what does this mean for the United States."
He stressed that without the abolition of the notorious Jackson-Vanik amendment would give the U.S. position in Russia to its competitors. The Ambassador also pointed out that this issue has nothing to do with the topics on which the U.S. and Russia continue to disagree. Among them he mentioned the situation around Syria, defense issues and the pace of democratization in Russia. However, in his opinion, this should not prevent cooperation in other areas, where the interaction in the interests of both parties, especially in economy and trade

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