US April industrial production -0.5% vs 0.0% expected
April US industrial production
- Prior was -0.1% (revised to +0.2%)
- Manufacturing production -0.5%
- Prior manufacturing production 0.0% (unrevised)
- Capacity utilization 77.9% vs 78.7% expected
- Prior utilization 78.5%
The revision makes the headline less damaging but it's not a great look for the economy and is compounded by the soft retail sales number earlier today. Later we homebuilder sentiment and business inventories.