US DATA: Dec Industrial Production +0.8% after +0.3% r Nov. Components:
mfg +0.4% with gains in both durables and nondurables; mining +0.4%;
utilities +4.3% “as unusually cold weather boosted the demand for
heating.” Ex auto mfg was +0.5%. Cap-U rose 0.6 pt to 76.0%, a rate 4.6
pts below its average from 1972 to 2009. On net this is better than
expected and shows mfg recovery.