US April industrial production -0.5% vs 0.0% expected

Author: Adam Button | Category: News

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.

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