US August industrial production +0.4% vs +0.3% expected

US August 2018 industrial production

• Prior industrial production +0.1% (revised to +0.4%)

• Production +4.9% y/y
• Capacity utilization 78.1% vs 78.2% exp
• Manufacturing production +0.2% vs +0.3% exp

Solid numbers with a positive revision. Expect to see higher revisions to Q3 GDP forecasts due to this and softer CPI.