• Prior 1.1%
  • Capacity utilisation 79.2% vs 79.1% exp. Prior 79.0%. Revised to 79.1%
  • Manufacturing output 0.4% vs 0.3% exp. Prior 0.6%

Production confirms the falls from 1.1% and it’s been a bit up and down recently with no real trend growth in place.

US industrial production 17 01 2014

US industrial production 17 01 2014

Capacity is getting soaked up which is good news on one level. The trend is definitely up but it’s painfully slow going.

US IP capacity utilisation 17 01 2014

US IP capacity utilisation 17 01 2014

USD/JPY takes some of the falls back to 104.20 to 104.35.