US April industrial production +0.7% m/m vs +1.0% expected
April US industrial production data
- Prior was +1.4% (revised to +2.4%)
- Capacity utilization 74.9% vs 75.0% expected
- Manufacturing production +0.4% vs +0.3% expected
The revision is a big story here. When you factor that in, the overall level of production is higher than anticipated. This is a good report.