US DATA: Fed Industrial Production/CapU annual revisions keep Feb. IP
flat (vs unch in prior report). History was altered though. In
2009:Q4-Q4, IP dropped 0.3pt more and 2010-11 gains were about
unch from prior reports. Since the trough of the recession in June 2009,
IP has reversed about 3/4 its peak-to-trough decline using the new data.
Capacity utilization rates for recent years were revised down, and 2011
is now 0.4pt lower than prior. Details are on the MNI Main wire.