Industrial production/capacity utilization for April revised lower
Federal Reserve issues annual benchmark revisions for industrial production and capacity utilizationthe Federal Reserve has issued annual benchmark revisions for industrial production and capacity utilization. Recall that on March 14, both those measures were released with industrial production at 0.7% (versus 0.9% estimate). The capacity utilization came in at 74.9% versus 75.0% estimate.
The new revisions show that industrial production was revised even lowered to 0.5%. The capacity utilization for April was revised to 74.6 from 74.9.