US January industrial production data
- Prior was +0.3% (revised to +0.1%)
- Capacity utilization 78.2% vs 78.7% expected
- Manufacturing production -0.9% vs 0.0% exp
- Prior manufacturing production revised to +0.8% vs +1.1% initially
Steepest decline since May 2018.
A few more bad releases and the market is going to start to question the US economy again.
