US June industrial production data
- Prior was +0.8% (revised to +0.7%)
- Capacity utilization 75.4% vs 75.6% exp
- Manufacturing output -0.1% vs +0.2% exp
The chip shortage continues to weigh on the automotive sector. Ex cars and parts, output rose +0.8% m/m. The vehicle assembly rate fell to 8.91m units from 9.75m.
