> August 2014 US industrial production -0.1% vs 0.3% exp

August 2014 US industrial production -0.1% vs 0.3% exp

Monday, 15/09/2014 | 13:15 GMT-0

Prior 0.4%. Revised to 0.2%
4.1% vs 5.0% prior y/y
Capacity utilisation 78.8% vs 79.3% exp. Prior 79.2%. Revised to 79.1%
Manufacturing output -0.7% vs +0.1% exp. Prior 1.0%. Revised to 0.7%

Poor headline, poor revisions. Not a lot going for this report at the outset. USD/JPY down to 107.13 from 107.21.

It’s the first delinces in this indicator since January. Remember, we saw a fall in the Empire State index at the beginning of August. Iw ouldn’t say this set of numbers is cause for alarm but the data this week is going to be extra sensitive given the FOMC on Wednesday. USD/JPY has fallen further to 107.06