US December industrial production -0.3% vs -0.2% expected

Author: Adam Button | Category: News

December industrial production data

  • Prior was +1.1% (revised to +0.8%)
  • Capacity utilization 77.0% vs 77.0% exp
  • Manufacturing production +0.2% vs -0.1% expected
  • Prior manufacturing production +1.1% (revised to 1.0%)
This is a disappointing reading with a negative revision. The hope is that US manufacturing picks up in the next few months on a bump in orders following the trade deal. The latest Philly Fed was better but it's going to take a lot more than that to convince anyone of a turn.

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