- Prior 0.6%. Revised to 1.2%
- Manufacturing output 0.5% vs 0.5% exp. Prior 0.9%. Revised to 1.4%
- Capacity utilisation 79.2% vs 78.7% exp. Prior 78.4%. Revised to 78.8%
It beat expectations and the prior number but that was revised up by 100% so it shows a fall in production. Make of that what you will but there’s no trend here whatsoever. Capacity utilisation continues to rise which helps productivity and lessens the slack in the sector.
US IP capacity utilisation 16 04 2014
For a better look the year on year chart shows that there’s no trend either but that it’s ticking along in modest growth.
US IP yy 16 04 2014
USD/JPY wakes up and moves 15 pips higher to 102.35
