- Prior -0.3%
- Manufacturing output 0.8% vs 0.2% exp. Prior -0.8%
- Capacity utilization 78.8% vs 78.6% exp. Prior 78.5%
Largest gain in six months and the largest rise in Mfg output since August.
Consumer goods (+0.8% vs -0.5% prior), Business equipment (+1.3% vs 0.3% prior). Durables (+0.9$ vs -0.6%), Motors & parts (+4.8% vs -5.2%) and non durables (+0.7% vs -1.1% prior) all lead the way and that’s a good bump up for capacity utilisation too.
US industrial production capacity utilisation 17 03 2014
USD/JPY back up to trouble resistance at 101.80 from 101.70.
It looks like we’re seeing some justification for the weather excuse but looking back over the last couple of years there’s no real push up in numbers above 1.0% on a monthly basis.
US industrial production 17 03 2014
Just a note also. The entire data series will be revised by the Fed on the 28th March as part of it’s annual revision. h/t Zerohedge